|
INVITROGEN CORP
(IVGN-Nasdaq):
Technical Viewpoint: From a low
of $28.06 on Apr 14, 2003 prices
rallied, reaching a
high of $42.15
on Jun 6, 2003. A
decline saw prices pull back, reaching a
low of
$36.61 on Jul 1, 2003.
Another rally saw prices penetrate
resistance, closing 7/10/03
at $47.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 28, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $42.00. Resistance: Is at $57.99.
Point & Figure: Reversed to the upside on Jul 2, 2003. A P&F upside
reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! INVITROGEN CORP
(IVGN-Nasdaq) @ $48.75 Stop: Use a protective stop of $46.75.
INVITROGEN CORP is currently trading @ $47.94 plus $0.53 on Jul 10, 2003. Price Objective:
$58.00. Risk/Reward: $2.00 VS. $9.25. Today's Risk Reward Ratio: 5:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$58.00
Risk/Reward:
$2.00 VS. $9.25
Risk/Reward Ratio:
5:1
|
