GENOPTIX
(GXDX-Nasdaq):
Technical Viewpoint: From a low
of $28.08 on Oct 24, 2008 prices
rallied, reaching a
high of $38.89
on Nov 4, 2008. A
decline saw prices pull back, reaching a
low of
$31.78 on Nov 6, 2008.
Another rally saw prices penetrate
resistance, closing 11/7/08
at $38.63. Technicals: MACD Index (MACD): A Buy Alert!
was given on Nov 4, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $32.00. Resistance: Is at $38.89.
Point & Figure: Reversed to the upside on Nov 7, 2008. A P&F upside
reversal takes place at $35.00. Summary: Technical indicators have turned bullish. BUY! GENOPTIX
(GXDX-Nasdaq) @ $38.75 Stop: Use a protective stop of $36.75.
GENOPTIX is currently trading @ $38.63 plus $6.76 on Nov 7, 2008. Price Objective:
$49.50. Risk/Reward: $2.00 VS. $10.75. 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. $10.75
Risk/Reward Ratio:
5:1
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