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SURMODICS INC
(SRDX-Nasdaq):
Technical Viewpoint: From a low
of $18.90 on Jul 24, 2002 prices
rallied, reaching a
high of $30.00
on Aug 15, 2002. A
decline saw prices pull back, reaching a
low of
$24.62 on Sep 4, 2002.
Another rally saw prices penetrate
resistance, closing 9/30/02
at $29.24. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 11, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $28.00. Resistance: Is at $34.25.
Point & Figure: Reversed to the upside on Sep 26, 2002. A P&F upside
reversal takes place at $29.25. Summary: Technical indicators have turned bullish. BUY! SURMODICS INC
(SRDX-Nasdaq) @ $32.13 Stop: Use a protective stop of $30.13.
SURMODICS INC is currently trading @ $29.24 plus $2.24 on Sep 30, 2002. Price Objective:
$49.00. Risk/Reward: $2.00 VS. $16.88. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$49.00
Risk/Reward:
$2.00 VS. $16.88
Risk/Reward Ratio:
8:1
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