WATSON PHARMACEUTICALS
(WPI-NYSE):
Technical Viewpoint: From a low
of $33.72 on Sep 2, 2005 prices
rallied, reaching a
high of $36.13
on Sep 12, 2005. A
decline saw prices pull back, reaching a
low of
$34.45 on Sep 21, 2005.
Another rally saw prices penetrate
resistance, closing 9/30/05
at $36.61. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 30, 2005 when the Histogram crossed the "0" line to the upside.
Support: Remains at $32.00. Resistance: Is at $37.00.
Point & Figure: Reversed to the upside on Jul 28, 2005. A P&F upside
reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! WATSON PHARMACEUTICALS
(WPI-NYSE) @ $36.88 Stop: Use a protective stop of $34.88.
WATSON PHARMACEUTICALS is currently trading @ $36.61 plus $1.03 on Sep 30, 2005. Price Objective:
$47.50. Risk/Reward: $2.00 VS. $10.62. Today's Risk Reward Ratio: 5:1
|
Click here to view full size chart
|