GENZYME CORP
(GENZ-NYSE):
Technical Viewpoint: From a low
of $33.15 on Apr 16, 2003 prices
rallied, reaching a
high of $49.71
on Jun 6, 2003. A
decline saw prices pull back, reaching a
low of
$40.26 on Jul 1, 2003.
Another rally saw prices penetrate
resistance, closing 7/22/03
at $49.76. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 14, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $45.75. Resistance: Is at $52.25.
Point & Figure: Reversed to the upside on Jul 21, 2003. A P&F upside
reversal takes place at $47.25. Summary: Technical indicators have turned bullish. BUY! GENZYME CORP
(GENZ-NYSE) @ $50.13 Stop: Use a protective stop of $47.63.
GENZYME CORP is currently trading @ $49.76 plus $2.29 on Jul 22, 2003. Price Objective:
$65.00. Risk/Reward: $2.50 VS. $14.87. Today's Risk Reward Ratio: 6:1
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