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* Today's Sector Analysis: "Drug Mfgs  " Institutional Technical Viewpoint
Buy Alert!
Palm Incorporated
(PALM):
$39 1/8 Stop. $36 1/2 P-Stop $50.00 P-Objective
Dow Jones Ind: 10,511.17 minus 74.96 points * Trade w/caution & use stops Jul 28, 2000
Volume Two No. 1087
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TICKER
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COMPANY NAME
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BUY!
SELL
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RSI INDEX
* OPTIONS
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ENTRY
PRICE
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STOPS
7/31/00
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PRICE
OBJ
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CLOSE
PRICE
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AGE
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A.G. EDWARDS INC
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BUY!
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* RSI: 86
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$56.12
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$53.50
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$76.50
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$55.03
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ANF
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ABERCROMBIE & FITCH
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BUY!
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* RSI: 64
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$15.75
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$14.25
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$21.50
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$15.56
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EOP
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EQUITY OFFICE TRUST
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BUY!
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* RSI: 80
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$30.75
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$28.50
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$38.75
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$30.62
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IBM
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INTERNAT'L BUSINESS MACH
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BUY!
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* RSI: 53
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$112.62
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$109.75
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$125.00
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$111.81
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MCOM
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METRICOM INC
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BUY!
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* RSI: 55
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$37.38
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$34.75
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$69.00
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$37.00
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OIL
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TRITON ENERGY LTD
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BUY!
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* RSI: 73
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$48.38
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$45.75
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$63.00
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$48.25
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ORI
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OLD REPUBLIC INT'L
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BUY!
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* RSI: 76
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$22.38
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$20.38
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$NONE
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$22.25
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THC
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TENET HEALTHCARE
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BUY!
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* RSI: 71
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$32.12
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$30.12
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$42.00
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$31.19
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Drug Mfgs
JNJ: $93 3/4 LLY: $104 1/8 MRK: $73 1/4
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Buy Alerts
DURA: $22 7/8 HMA: $15 3/8 LMT: $28 1/8
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ELAN CORP PLC
(ELN-NYSE):
Technical Viewpoint: From a low
of $36 1/2 on Jun 12, 2000 prices
rallied, reaching a
high of $52.56
on Jul 10, 2000. A
decline saw prices pull back, reaching a
low of
$47.94 on Jul 13, 2000.
Another rally saw prices penetrate
resistance, closing 7/28/00
at $51 3/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 20, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $50.00. Resistance: Is at $52.56.
Point & Figure: Reversed to the upside on Jul 29, 2000. A P&F upside
reversal takes place at $49.00. Summary: Technical indicators have turned bullish. BUY! ELAN CORP PLC
(ELN-NYSE) @ $52 1/8 Stop: Use a protective stop of $49 5/8.
ELAN CORP PLC is currently trading @ $51 3/4 plus $1 1/4 on Jul 28, 2000. Price Objective:
$64.00. Risk/Reward: $2 1/2 VS. $11 7/8. Today's Risk Reward Ratio: 5:1
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Click here to view full size chart
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DISCLAIMER: This report is not intended as an offering or a solicitation of an offer to buy or sell the securities and futures mentioned. While all information is derived from sources we deem reliable, we do not represent that it is accurate or complete. Such information and the opinions expressed are subject to change without notice. WALL STREET TRADER'S COLUMN™, its officers, stockholders, and employees and their families may have a long or short position in or may at any given time purchase or sell the securities or options relating thereto <
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