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CAREMARK RX INC
(CMX-NYSE):
Technical Viewpoint: From a low
of $15.63 on Nov 25, 2002 prices
rallied, reaching a
high of $17.70
on Nov 29, 2002. A
decline saw prices pull back, reaching a
low of
$15.81 on Dec 20, 2002.
Another rally saw prices penetrate
resistance, closing 1/13/03
at $18.45. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 8, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $17.50. Resistance: Is at $18.62.
Point & Figure: Reversed to the upside on Jan 6, 2003. A P&F upside
reversal takes place at $16.50. Summary: Technical indicators have turned bullish. BUY! CAREMARK RX INC
(CMX-NYSE) @ $18.50 Stop: Use a protective stop of $17.13.
CAREMARK RX INC is currently trading @ $18.45 plus $1.05 on Jan 13, 2003. Price Objective:
$28.00. Risk/Reward: $1.38 VS. $10.88. 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:
$28.00
Risk/Reward:
$1.38 VS. $10.88
Risk/Reward Ratio:
8:1
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