CEPHALON INC
(CEPH-Nasdaq):
Technical Viewpoint: From a low
of $38.36 on Oct 9, 2002 prices
rallied, reaching a
high of $51.25
on Oct 30, 2002. A
decline saw prices pull back, reaching a
low of
$48.34 on Nov 1, 2002.
Another rally saw prices penetrate
resistance, closing 11/11/02
at $56.20. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 15, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $52.25. Resistance: Is at $59.62.
Point & Figure: Reversed to the upside on Nov 7, 2002. A P&F upside
reversal takes place at $53.00. Summary: Technical indicators have turned bullish. BUY! CEPHALON INC
(CEPH-Nasdaq) @ $56.88 Stop: Use a protective stop of $54.38.
CEPHALON INC is currently trading @ $56.20 plus $1.65 on Nov 11, 2002. Price Objective:
$66.00. Risk/Reward: $2.50 VS. $9.13. Today's Risk Reward Ratio: 4:1
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