EYETECH PHARMACEUTICALS
(EYET-Nasdaq):
Technical Viewpoint: From a low
of $32.11 on Aug 11, 2004 prices
rallied, reaching a
high of $35.93
on Aug 11, 2004. A
decline saw prices pull back, reaching a
low of
$32.02 on Aug 20, 2004.
Another rally saw prices penetrate
resistance, closing 8/26/04
at $39.20. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Aug 23, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $32.50. Resistance: Is at $43.85.
Point & Figure: Reversed to the upside on Aug 26, 2004. A P&F upside
reversal takes place at $38.00. Summary: Technical indicators have turned bullish. BUY! EYETECH PHARMACEUTICALS
(EYET-Nasdaq) @ $40.13 Stop: Use a protective stop of $38.13.
EYETECH PHARMACEUTICALS is currently trading @ $39.20 plus $3.92 on Aug 26, 2004. Price Objective:
$51.00. Risk/Reward: $2.00 VS. $10.87. Today's Risk Reward Ratio: 5:1
|
Click here to view full size chart
|