LEHMAN BROS HLDG INC
(LEH-NYSE):
Technical Viewpoint: From a low
of $67.80 on Oct 24, 2003 prices
rallied, reaching a
high of $74.95
on Nov 14, 2003. A
decline saw prices pull back, reaching a
low of
$70.71 on Dec 1, 2003.
Another rally saw prices penetrate
resistance, closing 12/16/03
at $74.56. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 16, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $71.25. Resistance: Is at $74.95.
Point & Figure: Reversed to the upside on Dec 16, 2003. A P&F upside
reversal takes place at $72.00. Summary: Technical indicators have turned bullish. BUY! LEHMAN BROS HLDG INC
(LEH-NYSE) @ $74.63 Stop: Use a protective stop of $72.13.
LEHMAN BROS HLDG INC is currently trading @ $74.56 plus $2.16 on Dec 16, 2003. Price Objective:
$94.00. Risk/Reward: $2.50 VS. $19.37. Today's Risk Reward Ratio: 8:1
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