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W.R. BERKLEY CORP
(BER-NYSE):
Technical Viewpoint: From a low
of $46.53 on Oct 8, 2001 prices
rallied, reaching a
high of $56.25
on Oct 26, 2001. A
decline saw prices pull back, reaching a
low of
$52.74 on Oct 30, 2001.
Another rally saw prices penetrate
resistance, closing 11/2/01
at $57.50. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 19, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $52.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 2, 2001. A P&F upside
reversal takes place at $56.00. Summary: Technical indicators have turned bullish. BUY! W.R. BERKLEY CORP
(BER-NYSE) @ $57.88 Stop: Use a protective stop of $54.88.
W.R. BERKLEY CORP is currently trading @ $57.50 plus $3.50 on Nov 2, 2001. Price Objective:
$83.00. Risk/Reward: $3.00 VS. $25.13. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$83.00
Risk/Reward:
$3.00 VS. $25.13
Risk/Reward Ratio:
8:1
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