PROCTER & GAMBLE CO
(PG-NYSE):
Technical Viewpoint: From a low
of $60 1/8 on Sep 27, 2000 prices
rallied, reaching a
high of $74 7/8
on Oct 6, 2000. A
decline saw prices pull back, reaching a
low of
$71.06 on Oct 16, 2000.
Another rally saw prices penetrate
resistance, closing 10/18/00
at $74.69. Technicals: MACD Index (MACD): A Buy Alert!
was given on Oct 18, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $71 3/4. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 18, 2000. A P&F upside
reversal takes place at $71.00. Summary: Technical indicators have turned bullish. BUY! PROCTER & GAMBLE CO
(PG-NYSE) @ $75 1/8 Stop: Use a protective stop of $72 3/8.
PROCTER & GAMBLE CO is currently trading @ $74.69 plus $2 3/4 on Oct 18, 2000. Price Objective:
$95.00. Risk/Reward: $2 3/4 VS. $19 7/8. Today's Risk Reward Ratio: 7:1
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