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VARIAN MEDICAL SYSTEMS
(VAR-NYSE):
Technical Viewpoint: From a low
of $56.03 on Sep 29, 2003 prices
rallied, reaching a
high of $59.40
on Oct 3, 2003. A
decline saw prices pull back, reaching a
low of
$55.50 on Oct 14, 2003.
Another rally saw prices penetrate
resistance, closing 10/29/03
at $65.20. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 17, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $65.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 29, 2003. A P&F upside
reversal takes place at $63.50. Summary: Technical indicators have turned bullish. BUY! VARIAN MEDICAL SYSTEMS
(VAR-NYSE) @ $65.25 Stop: Use a protective stop of $62.75.
VARIAN MEDICAL SYSTEMS is currently trading @ $65.20 plus $3.68 on Oct 29, 2003. Price Objective:
$75.00. Risk/Reward: $2.50 VS. $9.75. 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:
$75.00
Risk/Reward:
$2.50 VS. $9.75
Risk/Reward Ratio:
4:1
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