CUBIST PHARMACEUTICALS (CBST)Nasdaq
  Report No. 2443    Analysis by: Harry Aloof     AUGUST 27, 2012

CUBIST PHARMACEUTICALS (CBST-Nasdaq): Technical Viewpoint: From a low of $41.89 on Aug 2, 2012 prices rallied, reaching a high of $44.57 on Aug 10, 2012. A decline saw prices pull back, reaching a low of $42.65 on Aug 17, 2012. Another rally saw prices penetrate resistance line "A", closing 8/24/12 at $45.65. Technicals: MACD Index (MACD): A Buy Alert! was given on Aug 24, 2012 when the solid line crossed the dotted line to the upside. Support: Remains at $44.57. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jul 12, 2012. A P&F downside reversal takes place at $43.00. Summary: Technical indicators have turned bullish. BUY! CUBIST PHARMACEUTICALS (CBST-Nasdaq) @ $46.13 Stop: Use a protective stop of $44.13. CUBIST PHARMACEUTICALS is currently trading @ $45.65 plus $1.21 on Aug 24, 2012. Price Objective: $57.50. Risk/Reward: $2.00 VS. $13.37. Today's Risk Reward Ratio: 6:1
                          

Three Part
Technical Chart

Daily Candle Stick Chart
Point & Figure Chart
Technical Study

Price Objective:
$57.50
Risk/Reward:
$2.00 VS. $13.37
Risk/Reward Ratio:
6:1

 

 

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