KERR-MCGEE CORP
(KMG-NYSE):
Technical Viewpoint: From a low
of $40.54 on Apr 29, 2003 prices
rallied, reaching a
high of $45.17
on May 13, 2003. A
decline saw prices pull back, reaching a
low of
$44.15 on May 20, 2003.
Another rally saw prices penetrate
resistance, closing 5/21/03
at $46.26. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 22, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $44.25. Resistance: Is at $47.51.
Point & Figure: Reversed to the upside on May 13, 2003. A P&F upside
reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! KERR-MCGEE CORP
(KMG-NYSE) @ $46.63 Stop: Use a protective stop of $44.63.
KERR-MCGEE CORP is currently trading @ $46.26 plus $1.72 on May 21, 2003. Price Objective:
$67.50. Risk/Reward: $2.00 VS. $15.37. Today's Risk Reward Ratio: 8:1
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