PROCTER & GAMBLE CO
(PG-NYSE):
Technical Viewpoint: From a low
of $59.25 on Mar 26, 2001 prices
rallied, reaching a
high of $63.65
on Apr 2, 2001. A
decline saw prices pull back, reaching a
low of
$56.20 on Apr 24, 2001.
Another rally saw prices penetrate
resistance, closing 5/9/01
at $66.19. Technicals: RSI Index (RSI): A Buy Alert!
was given on May 9, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $60.50. Resistance: Is at $67.50.
Point & Figure: Reversed to the upside on Apr 27, 2001. A P&F upside
reversal takes place at $63.75. Summary: Technical indicators have turned bullish. BUY! PROCTER & GAMBLE CO
(PG-NYSE) @ $66.25 Stop: Use a protective stop of $63.50.
PROCTER & GAMBLE CO is currently trading @ $66.19 plus $1.69 on May 9, 2001. Price Objective:
$80.00. Risk/Reward: $2.75 VS. $13.75. Today's Risk Reward Ratio: 5:1
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