KERR-MCGEE CORP
(KMG-NYSE):
Technical Viewpoint: From a low
of $46.94 on Sep 25, 2001 prices
rallied, reaching a
high of $57.65
on Oct 11, 2001. A
decline saw prices pull back, reaching a
low of
$52.75 on Oct 19, 2001.
Another rally saw prices penetrate
resistance, closing 10/29/01
at $59.18. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 25, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $56.65. Resistance: Is at $60.50.
Point & Figure: Reversed to the upside on Oct 29, 2001. A P&F upside
reversal takes place at $57.83. Summary: Technical indicators have turned bullish. BUY! KERR-MCGEE CORP
(KMG-NYSE) @ $59.63 Stop: Use a protective stop of $56.88.
KERR-MCGEE CORP is currently trading @ $59.18 plus $1.19 on Oct 29, 2001. Price Objective:
$76.50. Risk/Reward: $2.75 VS. $16.87. Today's Risk Reward Ratio: 6:1
|
Click here to view full size chart
|