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FLOUR CORP
(FLR-NYSE):
Technical Viewpoint: From a low
of $43.75 on Apr 23, 2001 prices
rallied, reaching a
high of $55.23
on Apr 27, 2001. A
decline saw prices pull back, reaching a
low of
$52.40 on May 4, 2001.
Another rally saw prices penetrate
resistance, closing 5/10/01
at $54.35. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on May 8, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $51.50. Resistance: Is at $55.00.
Point & Figure: Reversed to the upside on May 10, 2001. A P&F upside
reversal takes place at $53.00. Summary: Technical indicators have turned bullish. BUY! FLOUR CORP
(FLR-NYSE) @ $55.12 Stop: Use a protective stop of $52.50.
FLOUR CORP is currently trading @ $54.35 plus $2.62 on May 10, 2001. Price Objective:
$63.00. Risk/Reward: $2.62 VS. $7.88. 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:
$63.00
Risk/Reward:
$2.62 VS. $7.88
Risk/Reward Ratio:
3:1
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