TEXACO INC
(TX-NYSE):
Technical Viewpoint: From a low
of $62.28 on Feb 26, 2001 prices
rallied, reaching a
high of $70.20
on Mar 9, 2001. A
decline saw prices pull back, reaching a
low of
$65.15 on Mar 16, 2001.
Another rally saw prices penetrate
resistance, closing 3/2/01
at $68.50. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 26, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $65.50. Resistance: Is at $70.00.
Point & Figure: Reversed to the upside on Mar 19, 2001. A P&F upside
reversal takes place at $67.00. Summary: Technical indicators have turned bullish. BUY! TEXACO INC
(TX-NYSE) @ $68.75 Stop: Use a protective stop of $66.12.
TEXACO INC is currently trading @ $68.50 plus $1.34 on Mar 20, 2001. Price Objective:
$78.00. Risk/Reward: $2.63 VS. $9.25. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$78.00
Risk/Reward:
$2.63 VS. $9.25
Risk/Reward Ratio:
3:1
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