IMCLONE SYSTEMS INC
(IMCL-Nasdaq):
Technical Viewpoint: From a low
of $44.74 on Mar 24, 2004 prices
rallied, reaching a
high of $59.87
on Apr 8, 2004. A
decline saw prices pull back, reaching a
low of
$56.75 on Apr 14, 2004.
Another rally saw prices penetrate
resistance, closing 4/19/04
at $66.30. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 24, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $59.60. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 19, 2004. A P&F upside
reversal takes place at $63.00. Summary: Technical indicators have turned bullish. BUY! IMCLONE SYSTEMS INC
(IMCL-Nasdaq) @ $67.63 Stop: Use a protective stop of $65.13.
IMCLONE SYSTEMS INC is currently trading @ $66.30 plus $7.03 on Apr 19, 2004. Price Objective:
$88.50. Risk/Reward: $2.50 VS. $20.87. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$88.50
Risk/Reward:
$2.50 VS. $20.87
Risk/Reward Ratio:
8:1
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