WATERS CORP
(WAT-NYSE):
Technical Viewpoint: From a low
of $39.16 on Apr 27, 2004 prices
rallied, reaching a
high of $43.84
on May 3, 2004. A
decline saw prices pull back, reaching a
low of
$42.14 on May 10, 2004.
Another rally saw prices penetrate
resistance, closing 5/14/04
at $43.97. Technicals: MACD Index (MACD): A Buy Alert!
was given on Apr 29, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $42.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 29, 2004. A P&F upside
reversal takes place at $42.50. Summary: Technical indicators have turned bullish. BUY! WATERS CORP
(WAT-NYSE) @ $44.25 Stop: Use a protective stop of $40.25.
WATERS CORP is currently trading @ $43.97 plus $0.73 on May 14, 2004. Price Objective:
$55.50. Risk/Reward: $2.00 VS. $11.25. 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:
$55.50
Risk/Reward:
$2.00 VS. $11.25
Risk/Reward Ratio:
6:1
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