AMERICREDIT CORPORATION
(ACF-NYSE):
Technical Viewpoint: From a low
of $43.90 on May 11, 2001 prices
rallied, reaching a
high of $55.00
on May 21, 2001. A
decline saw prices pull back, reaching a
low of
$45.00 on Jun 14, 2001.
Another rally saw prices penetrate
resistance, closing 7/6/01
at $54.40. Technicals: RSI Index (RSI): A Buy Alert!
was given on Jun 19, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $51.75. Resistance: Is at $54.75.
Point & Figure: Reversed to the upside on Jul 6, 2001. A P&F upside
reversal takes place at $54.00. Summary: Technical indicators have turned bullish. BUY! AMERICREDIT CORPORATION
(ACF-NYSE) @ $54.50 Stop: Use a protective stop of $51.75.
AMERICREDIT CORPORATION is currently trading @ $54.40 plus $1.37 on Jul 6, 2001. Price Objective:
$64.00. Risk/Reward: $2.75 VS. $9.50. 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:
$64.00
Risk/Reward:
$2.75 VS. $9.50
Risk/Reward Ratio:
3:1
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