BUY! TEXACO INC (TX) NYSE

  Report No. 1245    Analysis by: Harry Aloof     MARCH 21, 2001

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

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

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Price Objective:
$78.00 Risk/Reward:
$2.63 VS. $9.25 Risk/Reward Ratio:
3:1
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