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IVITROGEN CORPORATION
(IVGN-Nasdaq):
Technical Viewpoint: From a low
of $36.61 on Jul 1, 2003 prices
rallied, reaching a
high of $51.46
on Jul 15, 2003. A
decline saw prices pull back, reaching a
low of
$48.42 on Jul 17, 2003.
Another rally saw prices penetrate
resistance, closing 7/18/03
at $52.03. 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 $49.00. Resistance: Is at $53.95.
Point & Figure: Reversed to the upside on Jul 18, 2003. A P&F upside
reversal takes place at $49.50. Summary: Technical indicators have turned bullish. BUY! IVITROGEN CORPORATION
(IVGN-Nasdaq) @ $52.38 Stop: Use a protective stop of $49.88.
IVITROGEN CORPORATION is currently trading @ $52.03 plus $3.04 on Jul 18, 2003. Price Objective:
$68.00. Risk/Reward: $2.50 VS. $15.62. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$68.00
Risk/Reward:
$2.50 VS. $15.62
Risk/Reward Ratio:
6:1
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