|
ADVANCEPCS
(ADVP-Nasdaq):
Technical Viewpoint: From a low
of $55.55 on Jul 23, 2001 prices
rallied, reaching a
high of $63.69
on Jul 31, 2001. A
decline saw prices pull back, reaching a
low of
$58.40 on Aug 7, 2001.
Another rally saw prices penetrate
resistance, closing 8/17/01
at $72.22. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 31, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $66.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 17, 2001. A P&F upside
reversal takes place at $69.75. Summary: Technical indicators have turned bullish. BUY! ADVANCEPCS
(ADVP-Nasdaq) @ $72.25 Stop: Use a protective stop of $69.25.
ADVANCEPCS is currently trading @ $72.22 plus $4.41 on Aug 17, 2001. Price Objective:
$96.00. Risk/Reward: $3.00 VS. $23.75. Today's Risk Reward Ratio: 8:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$96.00
Risk/Reward:
$3.00 VS. $23.75
Risk/Reward Ratio:
8:1
|
