FIRST DATA CORP
(FDC-NYSE):
Technical Viewpoint: From a low
of $37.67 on Feb 11, 2004 prices
rallied, reaching a
high of $44.10
on Mar 8, 2004. A
decline saw prices pull back, reaching a
low of
$40.81 on Mar 22, 2004.
Another rally saw prices penetrate
resistance, closing 4/16/04
at $44.75. 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 $42.88. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 2, 2004. A P&F upside
reversal takes place at $43.00. Summary: Technical indicators have turned bullish. BUY! FIRST DATA CORP
(FDC-NYSE) @ $44.88 Stop: Use a protective stop of $42.88.
FIRST DATA CORP is currently trading @ $44.75 plus $1.25 on Apr 16, 2004. Price Objective:
$59.50. Risk/Reward: $2.00 VS. $14.62. Today's Risk Reward Ratio: 7:1
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