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ENRON CORP
(ENE-NYSE):
Technical Viewpoint: From a low
of $61.00 on Apr 12, 1999 prices
rallied, reaching a
high of $77.00
on May 5, 1999. A
decline saw prices pull back, reaching a
low of
$70.44 on May 27, 1999.
Another rally saw prices penetrate
resistance, closing 6/2/99
at $72 1/2. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Jun 2, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $71 1/2. Resistance: Is at $77.00.
Point & Figure: Reversed to the upside on Jun 2, 1999. A P&F upside
reversal takes place at $73.00. Summary: Technical indicators have turned bullish. BUY! ENRON CORP
(ENE-NYSE) @ $76 5/8 Stop: Use a protective stop of $73 3/4.
ENRON CORP is currently trading @ $72 1/2 plus $3.06 on Jun 2, 1999. Price Objective:
$99 7/8. Risk/Reward: $2 7/8 VS. $23 1/4. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$99 7/8
Risk/Reward:
$2 7/8 VS. $23 1/4
Risk/Reward Ratio:
8:1
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