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WATSON PHARAMACEUTICALS
(WPI-NYSE):
Technical Viewpoint: From a low
of $36 1/2 on Mar 28, 2000 prices
rallied, reaching a
high of $48.00
on Apr 13, 2000. A
decline saw prices pull back, reaching a
low of
$42 3/4 on May 1, 2000.
Another rally saw prices penetrate
resistance, closing 5/9/00
at $48.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 4, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $45.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 8, 2000. A P&F upside
reversal takes place at $46.00. Summary: Technical indicators have turned bullish. BUY! WATSON PHARAMACEUTICALS
(WPI-NYSE) @ $49 1/8 Stop: Use a protective stop of $46 3/8.
WATSON PHARAMACEUTICALS is currently trading @ $48.94 plus $3.00 on May 9, 2000. Price Objective:
$58.00. Risk/Reward: $2 3/4 VS. $8 7/8. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$58.00
Risk/Reward:
$2 3/4 VS. $8 7/8
Risk/Reward Ratio:
3:1
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