ALLSTATE CORP
(ALL-NYSE):
Technical Viewpoint: From a low
of $32.76 on Aug 6, 2001 prices
rallied, reaching a
high of $34.75
on Sep 10, 2001. A
decline saw prices pull back, reaching a
low of
$30.00 on Sep 21, 2001.
Another rally saw prices penetrate
resistance, closing 9/28/01
at $37.35. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Sep 24, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $34.00. Resistance: Is at $43.00.
Point & Figure: Reversed to the upside on Sep 27, 2001. A P&F upside
reversal takes place at $36.00. Summary: Technical indicators have turned bullish. BUY! ALLSTATE CORP
(ALL-NYSE) @ $37.88 Stop: Use a protective stop of $35.13.
ALLSTATE CORP is currently trading @ $37.35 plus $1.76 on Sep 28, 2001. Price Objective:
$52.50. Risk/Reward: $2.75 VS. $14.63. Today's Risk Reward Ratio: 5:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$52.50
Risk/Reward:
$2.75 VS. $14.63
Risk/Reward Ratio:
5:1
|