SCHERING-PLOUGH CORP
(SGP-NYSE):
Technical Viewpoint: From a high
of $34 3/4 on Mar 28, 2000 prices
declined, reaching a
low of $42,56
on Apr 13, 2000. A
rally saw prices pull back, reaching a
high of
$38 5/8 on Apr 28, 2000.
Another decline saw prices penetrate
support, closing 5/23/00
at $45 1/2. Technicals: MACD-Histogram (MACD-H): A Sell Alert!
was given on Apr 4, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $41 1/4. Resistance: Is at $47.00.
Point & Figure: Reversed to the downside on May 8, 2000. A P&F downside
reversal takes place at $42.00. Summary: Technical indicators have turned bearish. SELL! SCHERING-PLOUGH CORP
(SGP-NYSE) @ $45 5/8 Stop: Use a protective stop of $14 3/8.
SCHERING-PLOUGH CORP is currently trading @ $45 1/2 minus $1.69 on May 23, 2000. Price Objective:
$60.00. Risk/Reward: $2 3/4 VS. $14 3/8. Today's Risk Reward Ratio: 5:1
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