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MERRILL LYNCH & CO
(MER-NYSE):
Technical Viewpoint: From a low
of $50.31 on May 12, 2001 prices
rallied, reaching a
high of $60.00
on Mar 27, 2001. A
decline saw prices pull back, reaching a
low of
$51.15 on Apr 4, 2001.
Another rally saw prices penetrate
resistance, closing 4/10/01
at $59.00. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 19, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $57.00. Resistance: Is at $60.00.
Point & Figure: Reversed to the upside on Apr 10, 2001. A P&F upside
reversal takes place at $56.00. Summary: Technical indicators have turned bullish. BUY! Merrill Lynch & Co
(MER-NYSE) @ $59.12 Stop: Use a protective stop of $56.50.
Merrill Lynch & Co is currently trading @ $59.00 plus $4.00 on Apr 10, 2001. Price Objective:
$72.50. Risk/Reward: $2.62 VS. $13.38. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$72.50
Risk/Reward:
$2.62 VS. $13.38
Risk/Reward Ratio:
5:1
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