INVITROGEN COPORATION
(IVGN-Nasdaq):
Technical Viewpoint: From a low
of $66.62 on Dec 17, 2004 prices
rallied, reaching a
high of $68.23
on Dec 28, 2004. A
decline saw prices pull back, reaching a
low of
$64.22 on Jan 7, 2005.
Another rally saw prices penetrate
resistance, closing 1/14/05
at $68.41. Technicals: RSI Index (RSI): A Buy Alert!
was given on Jan 15, 2005 when the solid line crossed the dotted line to the upside.
Support: Remains at $65.00. Resistance: Is at $68.70.
Point & Figure: Reversed to the upside on Jan 12, 2005. A P&F upside
reversal takes place at $65.75. Summary: Technical indicators have turned bullish. BUY! INVITROGEN COPORATION
(IVGN-Nasdaq) @ $68.75 Stop: Use a protective stop of $66.25.
INVITROGEN COPORATION is currently trading @ $68.41 plus $1.69 on Jan 14, 2005. Price Objective:
$79.50. Risk/Reward: $2.50 VS. $10.75. 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:
$79.50
Risk/Reward:
$2.50 VS. $10.75
Risk/Reward Ratio:
4:1
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