STANDARD & POORS MDCT SPDR
(MDY-Amex):
Technical Viewpoint: From a low
of $88.76 on Feb 7, 2002 prices
rallied, reaching a
high of $93.50
on Feb 14, 2002. A
decline saw prices pull back, reaching a
low of
$89.68 on Feb 20, 2002.
Another rally saw prices penetrate
resistance, closing 3/1/02
at $94.92. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 27, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $92.75. Resistance: Is at $95.45.
Point & Figure: Reversed to the upside on Feb 25, 2002. A P&F upside
reversal takes place at $92.25. Summary: Technical indicators have turned bullish. BUY! STANDARD & POORS MDCT SPDR
(MDY-Amex) @ $95.13 Stop: Use a protective stop of $92.38.
STANDARD & POORS MDCT SPDR is currently trading @ $94.92 plus $2.38 on Mar 1, 2002. Price Objective:
$110.00. Risk/Reward: $2.75 VS. $14.88. Today's Risk Reward Ratio: 5:1
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