OMRIX BIOPHARMACEUTICALS
(OMRI-Nasdaq):
Technical Viewpoint: From a low
of $32.00 on Jan 24, 2007 prices
rallied, reaching a
high of $37.48
on Feb 6, 2007. A
decline saw prices pull back, reaching a
low of
$32.55 on Mar 5, 2007.
Another rally saw prices penetrate
resistance, closing 3/9/07
at $37.86. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 9, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $33.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 9, 2007. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! OMRIX BIOPHARMACEUTICALS
(OMRI-Nasdaq) @ $38.13 Stop: Use a protective stop of $36.13.
OMRIX BIOPHARMACEUTICALS is currently trading @ $37.86 plus $2.65 on Mar 10, 2007. Price Objective:
$47.50. Risk/Reward: $2.00 VS. $9.37. Today's Risk Reward Ratio: 5:1
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