AVON PRODUCTS INC
(AVP-NYSE):
Technical Viewpoint: From a low
of $47.10 on Oct 28, 2002 prices
rallied, reaching a
high of $52.84
on Nov 22, 2002. A
decline saw prices pull back, reaching a
low of
$50.32 on Dec 12, 2002.
Another rally saw prices penetrate
resistance, closing 12/10/02
at $54.75. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 22, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $53.00. Resistance: Is at $55.81.
Point & Figure: Reversed to the upside on Dec 10, 2002. A P&F upside
reversal takes place at $53.50. Summary: Technical indicators have turned bullish. BUY! AVON PRODUCTS INC
(AVP-NYSE) @ $55.13 Stop: Use a protective stop of $52.63.
AVON PRODUCTS INC is currently trading @ $54.75 plus $2.50 on Dec 10, 2002. Price Objective:
$68.00. Risk/Reward: $2.50 VS. $12.88. Today's Risk Reward Ratio: 5:1
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