BUY! STERIS CORP (STE) NYSE

  Report No. 1617    Analysis by: Harry Aloof     OCTOBER 9, 2002

STERIS CORP (STE-NYSE): Technical Viewpoint: From a low of $16.74 on Jul 23, 2002 prices rallied, reaching a high of $23.31 on Sep 5, 2002. A decline saw prices pull back, reaching a low of $21.00 on Sep 23, 2002. Another rally saw prices penetrate resistance, closing 10/8/02 at $26.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jul 30, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $24.00. Resistance: Is at $27.00. Point & Figure: Reversed to the upside on Oct 4, 2002. A P&F upside reversal takes place at $24.50. Summary: Technical indicators have turned bullish. BUY! STERIS CORP (STE-NYSE) @ $26.13 Stop: Use a protective stop of $24.13. STERIS CORP is currently trading @ $26.00 plus $1.50 on Oct 8, 2002. Price Objective: $44.50. Risk/Reward: $2.00 VS. $18.38. Today's Risk Reward Ratio: 9:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$44.50 Risk/Reward:
$2.00 VS. $18.38 Risk/Reward Ratio:
9:1
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