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NEUROCRINE BIOSCIENCES
(NBIX-Nasdaq):
Technical Viewpoint: From a low
of $30.36 on Oct 10, 2001 prices
rallied, reaching a
high of $45.11
on Oct 26, 2001. A
decline saw prices pull back, reaching a
low of
$39.86 on Nov 2, 2001.
Another rally saw prices penetrate
resistance, closing 11/21/01
at $47.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 15, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $43.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 20, 2001. A P&F upside
reversal takes place at $45.75. Summary: Technical indicators have turned bullish. BUY! NEUROCRINE BIOSCIENCES
(NBIX-Nasdaq) @ $48.25 Stop: Use a protective stop of $45.38.
NEUROCRINE BIOSCIENCES is currently trading @ $47.94 plus $2.46 on Nov 21, 2001. Price Objective:
$66.00. Risk/Reward: $2.88 VS. $17.75. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$66.00
Risk/Reward:
$2.88 VS. $17.75
Risk/Reward Ratio:
6:1
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