INTERNAT FLAVORS & FRAG
(IFF-NYSE):
Technical Viewpoint: From a low
of $26.05 on Aug 1, 2002 prices
rallied, reaching a
high of $32.90
on Aug 22, 2002. A
decline saw prices pull back, reaching a
low of
$29.72 on Sep 24, 2002.
Another rally saw prices penetrate
resistance, closing 10/7/02
at $33.66. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 1, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $31.50. Resistance: Is at $35.20.
Point & Figure: Reversed to the upside on Oct 7, 2002. A P&F upside
reversal takes place at $32.55. Summary: Technical indicators have turned bullish. BUY! INTERNAT FLAVORS & FRAG
(IFF-NYSE) @ $34.13 Stop: Use a protective stop of $32.13.
INTERNAT FLAVORS & FRAG is currently trading @ $33.66 plus $1.25 on Oct 7, 2002. Price Objective:
$44.25. Risk/Reward: $2.00 VS. $10.13. Today's Risk Reward Ratio: 5:1
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