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ALLERGAN INC
(AGN-NYSE):
Technical Viewpoint: From a low
of $51.40 on Oct 1, 2002 prices
rallied, reaching a
high of $61.07
on Nov 25, 2002. A
decline saw prices pull back, reaching a
low of
$52.40 on Dec 23, 2002.
Another rally saw prices penetrate
resistance, closing 1/28/03
at $61.88. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 2, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $59.50. Resistance: Is at $62.60.
Point & Figure: Reversed to the upside on Jan 28, 2003. A P&F upside
reversal takes place at $59.25. Summary: Technical indicators have turned bullish. BUY! ALLERGAN INC
(AGN-NYSE) @ $62.13 Stop: Use a protective stop of $59.63.
ALLERGAN INC is currently trading @ $61.88 plus $2.48 on Jan 28, 2003. Price Objective:
$79.00. Risk/Reward: $2.50 VS. $16.88. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$79.00
Risk/Reward:
$2.50 VS. $16.88
Risk/Reward Ratio:
7:1
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