|
AMER PHARMACEUTICAL
(APPX-Nasdaq):
Technical Viewpoint: From a low
of $31.60 on Nov 21, 2003 prices
rallied, reaching a
high of $39.30
on Dec 1, 2003. A
decline saw prices pull back, reaching a
low of
$31.51 on Dec 11, 2003.
Another rally saw prices penetrate
resistance, closing 1/14/04
at $38.06. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 14, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $33.75. Resistance: Is at $39.30.
Point & Figure: Reversed to the upside on Dec 15, 2004. A P&F upside
reversal takes place at $35.00. Summary: Technical indicators have turned bullish. BUY! AMER PHARMACEUTICAL
(APPX-Nasdaq) @ $38.38 Stop: Use a protective stop of $36.38.
AMER PHARMACEUTICAL is currently trading @ $38.06 plus $3.53 on Jan 14, 2004. Price Objective:
$48.00. Risk/Reward: $2.00 VS. $9.62. 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:
$48.00
Risk/Reward:
$2.00 VS. $9.62
Risk/Reward Ratio:
5:1
|
