DUPONT E I NEMOURS & CO
(DD-NYSE):
Technical Viewpoint: From a low
of $41.69 on Dec 11, 2000 prices
rallied, reaching a
high of $49.87
on Dec 29, 2000. A
decline saw prices pull back, reaching a
low of
$40.25 on Jan 26, 2001.
Another rally saw prices penetrate
resistance, closing 2/22/01
at $43.29. Technicals: MACD Index (MACD): A Buy Alert!
was given on Feb 5, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $41.50. Resistance: Is at $45.19.
Point & Figure: Reversed to the upside on Feb 22, 2001. A P&F upside
reversal takes place at $42.00. Summary: Technical indicators have turned bullish. BUY! DUPONT E I NEMOURS & CO
(DD-NYSE) @ $43.62 Stop: Use a protective stop of $41.12.
DUPONT E I NEMOURS & CO is currently trading @ $43.29 plus $0.86 on Feb 22, 2001. Price Objective:
$60.00. Risk/Reward: $2.50 VS. $16.38. Today's Risk Reward Ratio: 6:1
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