AVON PRODUCTS INC
(AVP-NYSE):
Technical Viewpoint: From a low
of $42.00 on Jul 12, 2001 prices
rallied, reaching a
high of $46.98
on Jul 31, 2001. A
decline saw prices pull back, reaching a
low of
$44.28 on Aug 10, 2001.
Another rally saw prices penetrate
resistance, closing 9/5/01
at $49.30. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Sep 5, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $47.00. Resistance: Is at $49.75.
Point & Figure: Reversed to the upside on Sep 5, 2001. A P&F upside
reversal takes place at $48.50. Summary: Technical indicators have turned bullish. BUY! AVON PRODUCTS INC
(AVP-NYSE) @ $49.50 Stop: Use a protective stop of $46.75.
AVON PRODUCTS INC is currently trading @ $49.30 plus $2.79 on Sep 5, 2001. Price Objective:
$68.00. Risk/Reward: $2.75 VS. $18.50. Today's Risk Reward Ratio: 7:1
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