CERTEGY INC
(CEY-NYSE):
Technical Viewpoint: From a low
of $37.75 on Mar 20, 2002 prices
rallied, reaching a
high of $44.40
on Apr 23, 2002. A
decline saw prices pull back, reaching a
low of
$38.44 on May 7, 2002.
Another rally saw prices penetrate
resistance, closing 6/3/02
at $44.12. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 14, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $43.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 3, 2002. A P&F upside
reversal takes place at $42.50. Summary: Technical indicators have turned bullish. BUY! CERTEGY INC
(CEY-NYSE) @ $44.50 Stop: Use a protective stop of $41.88.
CERTEGY INC is currently trading @ $44.12 plus $1.13 on Jun 3, 2002. Price Objective:
$53.00. Risk/Reward: $2.63 VS. $8.50. Today's Risk Reward Ratio: 3:1
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