PROTEIN DESIGN LABS
(PDLI-Nasdaq):
Technical Viewpoint: From a low
of $23.38 on Oct 8, 2001 prices
rallied, reaching a
high of $29.51
on Oct 16, 2001. A
decline saw prices pull back, reaching a
low of
$26.80 on Oct 18, 2001.
Another rally saw prices penetrate
resistance, closing 10/26/01
at $36.43. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 12, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $31.50. Resistance: Is at $39.59.
Point & Figure: Reversed to the upside on Oct 26, 2001. A P&F upside
reversal takes place at $35.00. Summary: Technical indicators have turned bullish. BUY! PROTEIN DESIGN LABS
(PDLI-Nasdaq) @ $36.75 Stop: Use a protective stop of $33.88.
PROTEIN DESIGN LABS is currently trading @ $36.43 plus $2.26 on Oct 26, 2001. Price Objective:
$50.00. Risk/Reward: $2.87 VS. $13.25. 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:
$50.00
Risk/Reward:
$2.87 VS. $13.25
Risk/Reward Ratio:
4:1
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