BUY! DANAHER CORP (DHR) NYSE

  Report No. 1668    Analysis by: Harry Aloof     DECEMBER 23, 2002

DANAHER CORP (DHR-NYSE): Technical Viewpoint: From a low of $55.39 on Nov 11, 2002 prices rallied, reaching a high of $64.49 on Dec 3, 2002. A decline saw prices pull back, reaching a low of $60.11 on Dec 17, 2002. Another rally saw prices penetrate resistance, closing 12/20/02 at $65.10. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Nov 15, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $62.50. Resistance: Is at $65.80. Point & Figure: Reversed to the upside on Dec 20, 2002. A P&F upside reversal takes place at $62.00. Summary: Technical indicators have turned bullish. BUY! DANAHER CORP (DHR-NYSE) @ $65.38 Stop: Use a protective stop of $62.88. DANAHER CORP is currently trading @ $65.10 plus $2.69 on Dec 20, 2002. Price Objective: $74.00. Risk/Reward: $2.50 VS. $8.63. Today's Risk Reward Ratio: 3:1

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

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Price Objective:
$74.00 Risk/Reward:
$2.50 VS. $8.63 Risk/Reward Ratio:
3:1
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