GENZYME CORP
(GENZ-Nasdaq):
Technical Viewpoint: From a low
of $40.67 on Jun 10, 2004 prices
rallied, reaching a
high of $47.88
on Jul 6, 2004. A
decline saw prices pull back, reaching a
low of
$44.14 on Jul 12, 2004.
Another rally saw prices penetrate
resistance, closing 7/20/04
at $51.41. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 22, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $45.38. Resistance: Is at $63.63.
Point & Figure: Reversed to the upside on Jul 20, 2004. A P&F upside
reversal takes place at $48.75. Summary: Technical indicators have turned bullish. BUY! GENZYME CORP
(GENZ-Nasdaq) @ $51.63 Stop: Use a protective stop of $49.13.
GENZYME CORP is currently trading @ $51.41 plus $2.55 on Jul 20, 2004. Price Objective:
$61.50. Risk/Reward: $2.50 VS. $9.87. Today's Risk Reward Ratio: 4:1
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