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CUBIST PHARMACEUTICALS
(CBST-Nasdaq):
Technical Viewpoint: From a low
of $32.40 on Jul 24, 2001 prices
rallied, reaching a
high of $37.46
on Aug 8, 2001. A
decline saw prices pull back, reaching a
low of
$33.56 on Aug 9, 2001.
Another rally saw prices penetrate
resistance, closing 9/4/01
at $43.10. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Aug 22, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $41.50. Resistance: Is at $43.51.
Point & Figure: Reversed to the upside on Sep 4, 2001. A P&F upside
reversal takes place at $41.50. Summary: Technical indicators have turned bullish. BUY! CUBIST PHARMACEUTICALS
(CBST-Nasdaq) @ $43.50 Stop: Use a protective stop of $40.75.
CUBIST PHARMACEUTICALS is currently trading @ $43.10 plus $1.71 on Sep 4, 2001. Price Objective:
$53.50. Risk/Reward: $2.75 VS. $10.00. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$53.50
Risk/Reward:
$2.75 VS. $10.00
Risk/Reward Ratio:
3:1
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