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BIOMET INC
(BMET-Nasdaq):
Technical Viewpoint: From a low
of $32.76 on Sep 17, 2006 prices
rallied, reaching a
high of $39.25
on Nov 10, 2006. A
decline saw prices pull back, reaching a
low of
$36.91 on Nov 28, 2006.
Another rally saw prices penetrate
resistance, closing 12/8/06
at $39.90. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 9, 2006 when the solid line crossed the dotted line to the upside.
Support: Remains at $39.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 23, 2006. A P&F upside
reversal takes place at $37.00. Summary: Technical indicators have turned bullish. BUY! BIOMET INC
(BMET-Nasdaq) @ $40.13 Stop: Use a protective stop of $38.13.
BIOMET INC is currently trading @ $39.90 plus $1.17 on Dec 8, 2006. Price Objective:
$49.50. Risk/Reward: $2.00 VS. $9.37. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$49.50
Risk/Reward:
$2.00 VS. $9.37
Risk/Reward Ratio:
5:1
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