ACE LTD
(ACE-NYSE):
Technical Viewpoint: From a low
of $34.02 on Nov 20, 2003 prices
rallied, reaching a
high of $39.34
on Dec 5, 2003. A
decline saw prices pull back, reaching a
low of
$37.96 on Dec 17, 2003.
Another rally saw prices penetrate
resistance, closing 12/19/03
at $39.64. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 25, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $38.50. Resistance: Is at $37.50.
Point & Figure: Reversed to the upside on Dec 2, 2003. A P&F upside
reversal takes place at $38.00. Summary: Technical indicators have turned bullish. BUY! ACE LTD
(ACE-NYSE) @ $39.88 Stop: Use a protective stop of $37.88.
ACE LTD is currently trading @ $39.64 plus $0.99 on Dec 19, 2003. Price Objective:
$53.00. Risk/Reward: $2.00 VS. $13.12. Today's Risk Reward Ratio: 6:1
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