BECTON DICKINSON
(BDX-NYSE):
Technical Viewpoint: From a low
of $46.83 on Mar 22, 2004 prices
rallied, reaching a
high of $50.56
on Apr 5, 2004. A
decline saw prices pull back, reaching a
low of
$48.43 on Apr 14, 2004.
Another rally saw prices penetrate
resistance, closing 4/21/04
at $52.07. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 4, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $48.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 19, 2004. A P&F upside
reversal takes place at $50.50. Summary: Technical indicators have turned bullish. BUY! BECTON DICKINSON
(BDX-NYSE) @ $52.38 Stop: Use a protective stop of $49.88.
BECTON DICKINSON is currently trading @ $52.07 plus $1.47 on Apr 21, 2004. Price Objective:
$63.00. Risk/Reward: $2.50 VS. $10.62. Today's Risk Reward Ratio: 4:1
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