GEN PROBE INC
(GPRO-Nasdaq):
Technical Viewpoint: From a low
of $32.80 on May 3, 2004 prices
rallied, reaching a
high of $39.99
on May 5, 2004. A
decline saw prices pull back, reaching a
low of
$35.51 on May 17, 2004.
Another rally saw prices penetrate
resistance, closing 6/27/04
at $41.81. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 4, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $37.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 27, 2004. A P&F upside
reversal takes place at $39.75. Summary: Technical indicators have turned bullish. BUY! GEN PROBE INC
(GPRO-Nasdaq) @ $42.38 Stop: Use a protective stop of $40.38.
GEN PROBE INC is currently trading @ $41.81 plus $3.64 on May 27, 2004. Price Objective:
$53.00. Risk/Reward: $2.00 VS. $10.62. Today's Risk Reward Ratio: 5:1
|
Click here to view full size chart
|