BUY! IVAX CORPORATION (IVX) Amex

  Report No. 1293    Analysis by: Harry Aloof     JUNE 1, 2001

IVAX CORPORATION (IVX-Amex): Technical Viewpoint: From a low of $21.46 on Apr 4, 2001 prices rallied, reaching a high of $32.56 on Apr 30, 2001. A decline saw prices pull back, reaching a low of $28.30 on May 21, 2001. Another rally saw prices penetrate resistance, closing 5/31/01 at $33.70. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Apr 23, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $29.50. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on May 29, 2001. A P&F upside reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! IVAX CORPORATION (IVX-Amex) @ $33.88 Stop: Use a protective stop of $31.38. IVAX CORPORATION is currently trading @ $33.70 plus $1.13 on May 31, 2001. Price Objective: $50.00. Risk/Reward: $2.50 VS. $16.50. Today's Risk Reward Ratio: 6:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$50.00 Risk/Reward:
$2.50 VS. $16.50 Risk/Reward Ratio:
6:1
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