FIRST DATA CORP
(FDC-NYSE):
Technical Viewpoint: From a low
of $37.65 on Dec 8, 2003 prices
rallied, reaching a
high of $41.58
on Nov 7, 2003. A
decline saw prices pull back, reaching a
low of
$37.67 on Feb 6, 2004.
Another rally saw prices penetrate
resistance, closing 2/24/04
at $40.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 18, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $38.00. Resistance: Is at $41.58.
Point & Figure: Reversed to the upside on Feb 12, 2004. A P&F upside
reversal takes place at $39.00. Summary: Technical indicators have turned bullish. BUY! FIRST DATA CORP
(FDC-NYSE) @ $41.13 Stop: Use a protective stop of $39.13.
FIRST DATA CORP is currently trading @ $40.94 plus $1.12 on Feb 24, 2004. Price Objective:
$52.50. Risk/Reward: $2.00 VS. $11.37. Today's Risk Reward Ratio: 6:1
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