MYLAN LABORATORIES
(MYL-NYSE):
Technical Viewpoint: From a low
of $28.59 on Jul 18, 2001 prices
rallied, reaching a
high of $34.05
on Jul 31, 2001. A
decline saw prices pull back, reaching a
low of
$32.25 on Aug 3, 2001.
Another rally saw prices penetrate
resistance, closing 8/7/01
at $34.13. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 6, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $33.25. Resistance: Is at $35.94.
Point & Figure: Reversed to the upside on Jul 1, 2001. A P&F upside
reversal takes place at $32.50. Summary: Technical indicators have turned bullish. BUY! MYLAN LABORATORIES
(MYL-NYSE) @ $34.38 Stop: Use a protective stop of $31.75.
MYLAN LABORATORIES is currently trading @ $34.13 plus $.43 on Aug 7, 2001. Price Objective:
$49.00. Risk/Reward: $2.62 VS. $14.62. Today's Risk Reward Ratio: 5:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$49.00
Risk/Reward:
$2.62 VS. $14.62
Risk/Reward Ratio:
5:1
|