ALNYLAN PHARMACEUTICALS
(ALNY-Nasdaq):
Technical Viewpoint: From a low
of $22.93 on Aug 6, 2007 prices
rallied, reaching a
high of $27.20
on Aug 8, 2007. A
decline saw prices pull back, reaching a
low of
$21.98 on Aug 16, 2007.
Another rally saw prices penetrate
resistance, closing 9/7/07
at $26.97. Technicals: MACD Index (MACD): A Buy Alert!
was given on Sep 9, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $22.00. Resistance: Is at $27.20.
Point & Figure: Reversed to the upside on Sep 5, 2007. A P&F upside
reversal takes place at $25.00. Summary: Technical indicators have turned bullish. BUY! ALNYLAN PHARMACEUTICALS
(ALNY-Nasdaq) @ $27.25 Stop: Use a protective stop of $25.25.
ALNYLAN PHARMACEUTICALS is currently trading @ $26.97 plus $1.12 on Sep 7, 2007. Price Objective:
$37.00. Risk/Reward: $2.00 VS. $9.75. Today's Risk Reward Ratio: 5:1
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