TEXTRON INC
(TXT-NYSE):
Technical Viewpoint: From a low
of $55.90 on Jun 14, 2004 prices
rallied, reaching a
high of $60.21
on Jun 22, 2004. A
decline saw prices pull back, reaching a
low of
$57.15 on Jul 9, 2004.
Another rally saw prices penetrate
resistance, closing 7/23/04
at $59.59. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 1, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $57.50. Resistance: Is at $60.21.
Point & Figure: Reversed to the upside on Jul 23, 2004. A P&F upside
reversal takes place at $58.00. Summary: Technical indicators have turned bullish. BUY! TEXTRON INC
(TXT-NYSE) @ $59.75 Stop: Use a protective stop of $57.25.
TEXTRON INC is currently trading @ $59.59 plus $0.91 on Jul 23, 2004. Price Objective:
$70.00. Risk/Reward: $2.50 VS. $10.25. Today's Risk Reward Ratio: 5:1
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