OXFORD HEALTH PLANS
(OHP-NYSE):
Technical Viewpoint: From a low
of $26.32 on Mar 12, 2003 prices
rallied, reaching a
high of $30.45
on Mar 31, 2003. A
decline saw prices pull back, reaching a
low of
$27.34 on Apr 16, 2003.
Another rally saw prices penetrate
resistance, closing 5/16/03
at $36.09. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 1, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $33.75. Resistance: Is at $37.20.
Point & Figure: Reversed to the upside on May 5, 2003. A P&F upside
reversal takes place at $34.50. Summary: Technical indicators have turned bullish. BUY! OXFORD HEALTH PLANS
(OHP-NYSE) @ $36.38 Stop: Use a protective stop of $34.38.
OXFORD HEALTH PLANS is currently trading @ $36.09 plus $1.99 on May 16, 2003. Price Objective:
$50.00. Risk/Reward: $2.00 VS. $13.62. Today's Risk Reward Ratio: 7:1
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