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BIO-RAD LABORATORIES
(BIO-Amex):
Technical Viewpoint: From a low
of $36.00 on Apr 22, 2003 prices
rallied, reaching a
high of $50.30
on May 5, 2003. A
decline saw prices pull back, reaching a
low of
$46.50 on May 8, 2003.
Another rally saw prices penetrate
resistance, closing 5/20/03
at $54.95. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 1, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $50.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 20, 2003. A P&F upside
reversal takes place at $53.25. Summary: Technical indicators have turned bullish. BUY! BIO-RAD LABORATORIES
(BIO-Amex) @ $56.13 Stop: Use a protective stop of $53.63.
BIO-RAD LABORATORIES is currently trading @ $54.95 plus $6.10 on May 20, 2003. Price Objective:
$67.50. Risk/Reward: $2.50 VS. $11.37. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$67.50
Risk/Reward:
$2.50 VS. $11.37
Risk/Reward Ratio:
4:1
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