ENRON CORP
(ENE-NYSE):
Technical Viewpoint: From a high
of $67 3/8 on Feb 1, 1999 prices
declined, reaching a
low of $67 3/8
on Feb 1, 1999. A
rally saw prices pull back, reaching a
high of
$61.31 on Feb 18, 1999.
Another decline saw prices penetrate
support, closing 2/24/99
at $68 1/4. Technicals: MACD Index (MACD): A Sell Alert!
was given on Feb 24, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $65.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the downside on Feb 22, 1999. A P&F downside
reversal takes place at $66.00. Summary: Technical indicators have turned bearish. SELL! ENRON CORP
(ENE-NYSE) @ $69 1/8 Stop: Use a protective stop of $66 1/4.
ENRON CORP is currently trading @ $68 1/4 minus $2.94 on Feb 24, 1999. Price Objective:
$80.00. Risk/Reward: $2 7/8 VS. $10 7/8. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$80.00
Risk/Reward:
$2 7/8 VS. $10 7/8
Risk/Reward Ratio:
4:1
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