MYLAN LABORATORIES
(MYL-NYSE):
Technical Viewpoint: From a low
of $22.41 on Dec 27, 2002 prices
rallied, reaching a
high of $26.47
on Jan 23, 2003. A
decline saw prices pull back, reaching a
low of
$25.40 on Jan 28, 2003.
Another rally saw prices penetrate
resistance, closing 1/29/03
at $26.76. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 7, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $25.38. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 6, 2003. A P&F upside
reversal takes place at $25.00. Summary: Technical indicators have turned bullish. BUY! MYLAN LABORATORIES
(MYL-NYSE) @ $27.13 Stop: Use a protective stop of $25.13.
MYLAN LABORATORIES is currently trading @ $26.76 plus $0.51 on Jan 29, 2003. Price Objective:
$36.00. Risk/Reward: $2.00 VS. $8.88. Today's Risk Reward Ratio: 4:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$36.00
Risk/Reward:
$2.00 VS. $8.88
Risk/Reward Ratio:
4:1
|