Fibonacci targets for LTD price rally from 31.43 to 51.84 USD/share

Based on a recent price rally from 31.43 to 51.84 USD/share of LTD (Limited Brands Inc. / USA), I calculate the target price levels for stock correction and recovery as follow.

Fibonacci Retracement
LTD correction targets from an up trend 31.43 --> 51.84.

Retracement = High price - Low price = 51.84 - 31.43 = 20.41
Targets = Low price - [Retracement x Fibonacci Ratio]
= 31.43 - ( 20.41 x -2.618 ) = 84.86
= 31.43 - ( 20.41 x -2.000 ) = 72.25
= 31.43 - ( 20.41 x -1.618 ) = 64.45
= 31.43 - ( 20.41 x -1.500 ) = 62.05
= 31.43 - ( 20.41 x -1.382 ) = 59.64
= 31.43 - ( 20.41 x -1.272 ) = 57.39
= 31.43 - ( 20.41 x -1.127 ) = 54.43
= 31.43 - ( 20.41 x -1.000 ) = 51.84
= 31.43 - ( 20.41 x -0.886 ) = 49.51 ***
= 31.43 - ( 20.41 x -0.618 ) = 44.04 **
= 31.43 - ( 20.41 x -0.500 ) = 41.64 *
= 31.43 - ( 20.41 x -0.382 ) = 39.23
= 31.43 - ( 20.41 x -0.236 ) = 36.25
= 31.43 - ( 20.41 x 0.000 ) = 31.43

Update:
- 5 July 2012 LTD share price is between 44.04 ** and 49.51 ***.

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More readings:
- Limited Brands Inc. (LTD) ตัวอย่างหุ้นค้าปลีกไม่บาป กราฟสวย จังหวะเหมาะน่าเข้าลงทุน