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ALPHARMA INC
(ALO-NYSE):
Technical Viewpoint: From a low
of $26.25 on Oct 10, 2008 prices
rallied, reaching a
high of $35.10
on Oct 14, 2008. A
decline saw prices pull back, reaching a
low of
$26.10 on Oct 28, 2008.
Another rally saw prices penetrate
resistance, closing 11/14/08
at $34.75. Technicals: MACD Index (MACD): A Buy Alert!
was given on Nov 14, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $29.00. Resistance: Is at $34.80.
Point & Figure: Reversed to the upside on Nov 14, 2008. A P&F upside
reversal takes place at $31.00. Summary: Technical indicators have turned bullish. BUY! ALPHARMA INC
(ALO-NYSE) @ $34.88 Stop: Use a protective stop of $32.88.
ALPHARMA INC is currently trading @ $34.75 plus $4.25 on Nov 14, 2008. Price Objective:
$47.50. Risk/Reward: $2.00 VS. $12.62. 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:
$47.50
Risk/Reward:
$2.00 VS. $12.62
Risk/Reward Ratio:
6:1
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