METRO-GOLDWYN-MAYER INC
(MGM-NYSE):
Technical Viewpoint: From a low
of $11.65 on Jul 15, 2003 prices
rallied, reaching a
high of $15.00
on Sep 3, 2003. A
decline saw prices pull back, reaching a
low of
$14.67 on Sep 23, 2003.
Another rally saw prices penetrate
resistance, closing 9/25/03
at $15.29. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 16, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $14.88. Resistance: Is at $15.60.
Point & Figure: Reversed to the upside on Aug 1, 2003. A P&F upside
reversal takes place at $13.50. Summary: Technical indicators have turned bullish. BUY! METRO-GOLDWYN-MAYER INC
(MGM-NYSE) @ $15.38 Stop: Use a protective stop of $13.88.
METRO-GOLDWYN-MAYER INC is currently trading @ $15.29 plus $0.52 on Sep 25, 2003. Price Objective:
$25.00. Risk/Reward: $1.50 VS. $9.63. Today's Risk Reward Ratio: 6:1
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