COLGATE-PALMOLIVE
(CL-NYSE):
Technical Viewpoint: From a low
of $52.28 on Aug 6, 2001 prices
rallied, reaching a
high of $56.40
on Aug 22, 2001. A
decline saw prices pull back, reaching a
low of
$53.65 on Aug 31, 2001.
Another rally saw prices penetrate
resistance, closing 9/10/01
at $57.26. Technicals: MACD Index (MACD): A Buy Alert!
was given on Sep 5, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $55.00. Resistance: Is at $61.00.
Point & Figure: Reversed to the upside on Sep 5, 2001. A P&F upside
reversal takes place at $55.50. Summary: Technical indicators have turned bullish. BUY! COLGATE-PALMOLIVE
(CL-NYSE) @ $57.50 Stop: Use a protective stop of $54.75.
COLGATE-PALMOLIVE is currently trading @ $57.26 plus $1.26 on Sep 10, 2001. Price Objective:
$70.00. Risk/Reward: $2.75 VS. $12.50. 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:
$70.00
Risk/Reward:
$2.75 VS. $12.50
Risk/Reward Ratio:
4:1
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