AVON PRODUCTS
(AVP-NYSE):
Technical Viewpoint: From a low
of $18.60 on Apr 1, 2009 prices
rallied, reaching a
high of $25.48
on May 4, 2009. A
decline saw prices pull back, reaching a
low of
$22.10 on May 13, 2009.
Another rally saw prices penetrate
resistance, closing 5/22/09
at $25.80. Technicals: MACD Index (MACD): A Buy Alert!
was given on May 22, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $24.25. Resistance: Is at $26.75.
Point & Figure: Reversed to the upside on May 20, 2009. A P&F upside
reversal takes place at $23.00. Summary: Technical indicators have turned bullish. BUY! AVON PRODUCTS
(AVP-NYSE) @ $26.13 Stop: Use a protective stop of $24.13.
AVON PRODUCTS is currently trading @ $25.80 plus $1.16 on May 22, 2009. Price Objective:
$36.00. Risk/Reward: $2.00 VS. $9.87. Today's Risk Reward Ratio: 5:1
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