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IMMUNEX CORP
(IMNX-Nasdaq):
Technical Viewpoint: From a low
of $24.31 on Jun 1, 2000 prices
rallied, reaching a
high of $58 1/4
on Jun 21, 2000. A
decline saw prices pull back, reaching a
low of
$48.19 on Jun 30, 2000.
Another rally saw prices penetrate
resistance, closing 7/6/00
at $62 3/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 16, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $48.00. Resistance: Is at $69 7/8.
Point & Figure: Reversed to the upside on Jul 5, 2000. A P&F upside
reversal takes place at $56.00. Summary: Technical indicators have turned bullish. BUY! IMMUNEX CORP
(IMNX-Nasdaq) @ $62 5/8 Stop: Use a protective stop of $59 7/8.
IMMUNEX CORP is currently trading @ $62 3/8 plus $6.07 on Jul 6, 2000. Price Objective:
$81.00. Risk/Reward: $2 3/4 VS. $18 3/8. 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:
$81.00
Risk/Reward:
$2 3/4 VS. $18 3/8
Risk/Reward Ratio:
6:1
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