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MCKESSON HBOC INC
(MCK-NYSE):
Technical Viewpoint: From a low
of $35.56 on Jul 6, 2001 prices
rallied, reaching a
high of $37.40
on Jul 12, 2001. A
decline saw prices pull back, reaching a
low of
$35.60 on Jul 18, 2001.
Another rally saw prices penetrate
resistance, closing 7/23/01
at $38.02. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Jul 23, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $36.50. Resistance: Is at $38.25.
Point & Figure: Reversed to the upside on Jul 23, 2001. A P&F upside
reversal takes place at $36.50. Summary: Technical indicators have turned bullish. BUY! MCKESSON HBOC INC
(MCK-NYSE) @ $38.12 Stop: Use a protective stop of $35.62.
MCKESSON HBOC INC is currently trading @ $38.02 plus $1.37 on Jul 23, 2001. Price Objective:
$49.00. Risk/Reward: $2.50 VS. $10.88. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$49.00
Risk/Reward:
$2.50 VS. $10.88
Risk/Reward Ratio:
4:1
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