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
View full size chart
Price Objective:
$44.50
Risk/Reward:
$2.00 VS. $18.38
Risk/Reward Ratio:
9:1
|