NCR CORP
(NCR-NYSE):
Technical Viewpoint: From a low
of $48.39 on Oct 8, 2004 prices
rallied, reaching a
high of $55.00
on Oct 19, 2004. A
decline saw prices pull back, reaching a
low of
$52.30 on Oct 26, 2004.
Another rally saw prices penetrate
resistance, closing 10/30/04
at $56.35. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 9, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $50.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 22, 2004. A P&F upside
reversal takes place at $55.00. Summary: Technical indicators have turned bullish. BUY! NCR CORP
(NCR-NYSE) @ $56.63 Stop: Use a protective stop of $54.13.
NCR CORP is currently trading @ $56.35 plus $2.49 on Oct 29, 2004. Price Objective:
$69.75. Risk/Reward: $2.50 VS. $13.12. Today's Risk Reward Ratio: 5:1
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