Saturday, October 20, 2007

LEH - Analysis for 10.20.2007

LEHMAN BROTHERS - LEH

Monthly chart shows price has fallen below the 34ema and below the prior key LIS and support at $58.00.

Weekly chart shows head and shoulders reversal pattern in play.

Daily chart shows consolidation with a small double top at the $67 high where sellers came out in force. Look for continued weakness and a test of the current low at $49.15 before lower.

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