LEXMARK INTERNAT'L
(LXK-NYSE):
Technical Viewpoint: From a low
of $41.20 on Sep 21, 2001 prices
rallied, reaching a
high of $47.10
on Sep 28, 2001. A
decline saw prices pull back, reaching a
low of
$42.00 on Oct 3, 2001.
Another rally saw prices penetrate
resistance, closing 10/17/01
at $52.24. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 11, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $49.00. Resistance: Is at $52.50.
Point & Figure: Reversed to the upside on Oct 12, 2001. A P&F upside
reversal takes place at $50.00. Summary: Technical indicators have turned bullish. BUY! LEXMARK INTERNAT'L
(LXK-NYSE) @ $53.25 Stop: Use a protective stop of $50.50.
LEXMARK INTERNAT'L is currently trading @ $52.24 plus $1.64 on Oct 17, 2001. Price Objective:
$64.00. Risk/Reward: $2.75 VS. $10.75. Today's Risk Reward Ratio: 4:1
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