CONNETICS CORP
(CNCT-Nasdaq):
Technical Viewpoint: From a low
of $15.80 on Dec 10, 2003 prices
rallied, reaching a
high of $18.47
on Jan 5, 2004. A
decline saw prices pull back, reaching a
low of
$17.42 on Jan 13, 2004.
Another rally saw prices penetrate
resistance, closing 1/28/04
at $22.05. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 28, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $21.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 20, 2004. A P&F upside
reversal takes place at $21.00. Summary: Technical indicators have turned bullish. BUY! CONNETICS CORP
(CNCT-Nasdaq) @ $22.63 Stop: Use a protective stop of $20.63.
CONNETICS CORP is currently trading @ $22.05 plus $0.91 on Jan 28, 2004. Price Objective:
$33.00. Risk/Reward: $2.00 VS. $10.38. 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:
$33.00
Risk/Reward:
$2.00 VS. $10.38
Risk/Reward Ratio:
5:1
|