AMR CORPORATION
(AMR-NYSE):
Technical Viewpoint: From a low
of $32 3/4 on Dec 1, 2000 prices
rallied, reaching a
high of $39.44
on Dec 12, 2000. A
decline saw prices pull back, reaching a
low of
$33 3/4 on Dec 20, 2000.
Another rally saw prices penetrate
resistance, closing 12/29/00
at $39.19. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 6, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $37.00. Resistance: Is at $39.44.
Point & Figure: Reversed to the upside on Dec 21, 2000. A P&F upside
reversal takes place at $37 1/2. Summary: Technical indicators have turned bullish. BUY! AMR CORPORATION
(AMR-NYSE) @ $39 1/2 Stop: Use a protective stop of $36 3/4.
AMR CORPORATION is currently trading @ $39.19 plus $1.81 on Dec 29, 2000. Price Objective:
$52.00. Risk/Reward: $2 3/4 VS. $12 1/2. Today's Risk Reward Ratio: 4:1
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