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* Today's Sector Analysis: "Drugs  " Institutional Technical Viewpoint
Buy Alert!
Verisign Inc
(VRSN):
$17.75 Stop. $16.25 P-Stop $28.50 P-Objective
Dow Jones Ind: 10,241.61 minus 69.69 points * Trade w/caution & use stops May 6, 2004
Volume Two No. 1997
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TICKER
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COMPANY NAME
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BUY!
SELL
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RSI INDEX
* OPTIONS
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ENTRY
PRICE
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STOPS
5/7/04
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PRICE
OBJ
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CLOSE
PRICE
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MCHP
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MICROCHIP TECHNOL
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BUY!
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* RSI: 59
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$30.75
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$28.75
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$44.00
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$30.44
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MVL
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MARVEL ENTERPRISES
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BUY!
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* RSI: 57
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$21.13
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$19.63
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$30.00
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$20.95
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NSC
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NORFOLK SOUTHERN CORP
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BUY!
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* RSI: 64
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$24.38
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$22.38
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$32.50
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$24.26
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NTLI
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NTL INCORPORATED
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BUY!
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* RSI: 62
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$64.25
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$61.75
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$75.00
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$63.83
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* ONXX
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ONYX PHARMACEUTICALS
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BUY!
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* RSI:
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$58.75
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$56.25
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$78.00
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$58.25
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SRDX
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SURMODICS INC
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BUY!
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* RSI: 63
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$23.13
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$21.13
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$33.50
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$22.66
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THQ
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THQ INCORPORATED
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BUY!
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* RSI: 61
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$21.13
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$19.63
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$31.00
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$20.55
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TXU
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TXU CORPORATION
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BUY!
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* RSI: 85
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$37.50
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$35.50
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$45.50
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$37.31
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Drugs
LLY: $76.75 MCK: $34.13 WYE: $39.38
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Buy Alerts
NXTP: $15.13 TSG: $24.63 UCI: $18.25 UCI: $18.25
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EXPEDITORS INT WASH
(EXPD-Nasdaq):
Technical Viewpoint: From a low
of $36.07 on Mar 23, 2004 prices
rallied, reaching a
high of $42.16
on Apr 13, 2004. A
decline saw prices pull back, reaching a
low of
$40.05 on May 3, 2004.
Another rally saw prices penetrate
resistance, closing 5/6/04
at $43.46. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 30, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $40.63. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 5, 2004. A P&F upside
reversal takes place at $42.00. Summary: Technical indicators have turned bullish. BUY! EXPEDITORS INT WASH
(EXPD-Nasdaq) @ $44.13 Stop: Use a protective stop of $42.13.
EXPEDITORS INT WASH is currently trading @ $43.46 plus $1.73 on May 6, 2004. Price Objective:
$54.00. Risk/Reward: $2.00 VS. $9.87. Today's Risk Reward Ratio: 5:1
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DISCLAIMER: This report is not intended as an offering or a solicitation of an offer to buy or sell the securities and futures mentioned. While all information is derived from sources we deem reliable, we do not represent that it is accurate or complete. Such information and the opinions expressed are subject to change without notice. WALL STREET TRADER'S COLUMN™, its officers, stockholders, and employees and their families may have a long or short position in or may at any given time purchase or sell the securities or options relating thereto <
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