DANAHER CORP
(DHR-NYSE):
Technical Viewpoint: From a low
of $55.39 on Nov 11, 2002 prices
rallied, reaching a
high of $64.49
on Dec 3, 2002. A
decline saw prices pull back, reaching a
low of
$60.11 on Dec 17, 2002.
Another rally saw prices penetrate
resistance, closing 12/20/02
at $65.10. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 15, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $62.50. Resistance: Is at $65.80.
Point & Figure: Reversed to the upside on Dec 20, 2002. A P&F upside
reversal takes place at $62.00. Summary: Technical indicators have turned bullish. BUY! DANAHER CORP
(DHR-NYSE) @ $65.38 Stop: Use a protective stop of $62.88.
DANAHER CORP is currently trading @ $65.10 plus $2.69 on Dec 20, 2002. Price Objective:
$74.00. Risk/Reward: $2.50 VS. $8.63. Today's Risk Reward Ratio: 3:1
|
Click here to view full size chart
|