BIOSITE INC
(BSTE-Nasdaq):
Technical Viewpoint: From a low
of $28.82 on Mar 22, 2004 prices
rallied, reaching a
high of $42.90
on Apr 8, 2004. A
decline saw prices pull back, reaching a
low of
$35.83 on May 10, 2004.
Another rally saw prices penetrate
resistance, closing 6/14/04
at $43.29. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 27, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $40.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 2, 2004. A P&F upside
reversal takes place at $41.00. Summary: Technical indicators have turned bullish. BUY! BIOSITE INC
(BSTE-Nasdaq) @ $44.25 Stop: Use a protective stop of $42.25.
BIOSITE INC is currently trading @ $43.29 plus $3.30 on Jun 14, 2004. Price Objective:
$54.00. Risk/Reward: $2.00 VS. $9.75. Today's Risk Reward Ratio: 5:1
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