BUY! SAFECO CORP (SAFC) Nasdaq

  Report No. 1242    Analysis by: Harry Aloof     MARCH 16, 2001

SAFECO CORP (SAFC-Nasdaq): Technical Viewpoint: From a low of $22.19 on Jan 16, 2001 prices rallied, reaching a high of $26.88 on Feb 14, 2001. A decline saw prices pull back, reaching a low of $21.50 on Mar 1, 2001. Another rally saw prices penetrate resistance, closing 3/15/01 at $25.19. Technicals: Momentum Index (MTM): A Buy Alert! was given on Mar 7, 2001 when the solid line crossed the dotted line to the upside. Support: Remains at $23.50. Resistance: Is at $25.50. Point & Figure: Reversed to the upside on Mar 15, 2001. A P&F upside reversal takes place at $25.00. Summary: Technical indicators have turned bullish. BUY! SAFECO CORP (SAFC-Nasdaq) @ $25.50 Stop: Use a protective stop of $23.50. SAFECO CORP is currently trading @ $25.19 plus $1.38 on Mar 15, 2001. Price Objective: $34.00. Risk/Reward: $2.00 VS. $8.50. Today's Risk Reward Ratio: 4:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$34.00 Risk/Reward:
$2.00 VS. $8.50 Risk/Reward Ratio:
4:1
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