IMPAX LABORATORIES INC
(IPXL-Nasdaq):
Technical Viewpoint: From a low
of $17.70 on Nov 30, 2010 prices
rallied, reaching a
high of $21.27
on Dec 16, 2010. A
decline saw prices pull back, reaching a
low of
$2001 on Jan 4, 2011.
Another rally saw prices penetrate
resistance, closing 1/14/11
at $22.28. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jan 14, 2011 when the solid line crossed the dotted line to the upside.
Support: Remains at $21.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 15, 2010. A P&F upside
reversal takes place at $20.00. Summary: Technical indicators have turned bullish. BUY! Impax Laboratories Inc
(IPXL-Nasdaq) @ $23.13 Stop: Use a protective stop of $21.13.
Impax Laboratories Inc is currently trading @ $22.28 plus $1.04 on Jan 14, 2011. Price Objective:
$32.50. Risk/Reward: $2.00 VS. $11.37. Today's Risk Reward Ratio: 6:1
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