AMERADA HESS CORP
(AHC-NYSE):
Technical Viewpoint: From a low
of $70.01 on Feb 26, 2001 prices
rallied, reaching a
high of $78.05
on Mar 9, 2001. A
decline saw prices pull back, reaching a
low of
$73.40 on Apr 3, 2001.
Another rally saw prices penetrate
resistance, closing 4/16/01
at $84.73. Technicals: MACD Index (MACD): A Buy Alert!
was given on Apr 9, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $78.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 5, 2001. A P&F upside
reversal takes place at $81.00. Summary: Technical indicators have turned bullish. BUY! AMERADA HESS CORP
(AHC-NYSE) @ $84.75 Stop: Use a protective stop of $82.25.
AMERADA HESS CORP is currently trading @ $84.73 plus $3.82 on Apr 16, 2001. Price Objective:
$95.00. Risk/Reward: $2.50 VS. $10.25. Today's Risk Reward Ratio: 4:1
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