AFFILIATED MANAGERS GRP
(AMG-NYSE):
Technical Viewpoint: From a low
of $57.00 on Jul 25, 2001 prices
rallied, reaching a
high of $69.00
on Aug 1, 2001. A
decline saw prices pull back, reaching a
low of
$63.64 on Aug 13, 2001.
Another rally saw prices penetrate
resistance, closing 8/30/01
at $71.90. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 30, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $68.88. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 30, 2001. A P&F upside
reversal takes place at $70.50. Summary: Technical indicators have turned bullish. BUY! AFFILIATED MANAGERS GRP
(AMG-NYSE) @ $72.12 Stop: Use a protective stop of $69.75.
AFFILIATED MANAGERS GRP is currently trading @ $71.90 plus $4.60 on Aug 30, 2001. Price Objective:
$89.00. Risk/Reward: $2.87 VS. $20.12. Today's Risk Reward Ratio: 7:1
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