Harry Aloof
01-19-2007, 07:56 PM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
Protective Life (PL) NYSE
Report No. 2205 Analysis by: Harry Aloof January 8, 2007
Protective Life (PL-NYSE): Technical Viewpoint: From a low of $42.90 on Jul 14, 2006 prices rallied, reaching a high of $47.02 on Oct 8, 2006. A decline saw prices pull back, reaching a low of $43.25 on Nov 10, 2006. Another rally saw prices penetrate resistance line "A", closing 1/7/07 at $50.35. Technicals: MACD Index (MACD): A Buy Alert! was given on Jan 5, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $47.50. Resistance: Is at $50.77. Point & Figure: Reversed to the upside on Aug 1, 2006. A P&F downside reversal takes place at $47.00. Summary: Technical indicators have turned bullish. BUY! PROTECTIVE LIFE CORP (PL-NYSE) @ $50.63 Stop: Use a protective stop of $48.13. PROTECTIVE LIFE CORP is currently trading @ $50.35 plus $2.35 on Jan 5, 2007.
Price Objective: $62.50.
Risk/Reward: $2.50 VS. $11.87.
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2108-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
Protective Life (PL) NYSE
Report No. 2205 Analysis by: Harry Aloof January 8, 2007
Protective Life (PL-NYSE): Technical Viewpoint: From a low of $42.90 on Jul 14, 2006 prices rallied, reaching a high of $47.02 on Oct 8, 2006. A decline saw prices pull back, reaching a low of $43.25 on Nov 10, 2006. Another rally saw prices penetrate resistance line "A", closing 1/7/07 at $50.35. Technicals: MACD Index (MACD): A Buy Alert! was given on Jan 5, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $47.50. Resistance: Is at $50.77. Point & Figure: Reversed to the upside on Aug 1, 2006. A P&F downside reversal takes place at $47.00. Summary: Technical indicators have turned bullish. BUY! PROTECTIVE LIFE CORP (PL-NYSE) @ $50.63 Stop: Use a protective stop of $48.13. PROTECTIVE LIFE CORP is currently trading @ $50.35 plus $2.35 on Jan 5, 2007.
Price Objective: $62.50.
Risk/Reward: $2.50 VS. $11.87.
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2108-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)