BAXTER INT'L INC
(BAX-NYSE):
Technical Viewpoint: From a low
of $80.50 on Nov 17, 2000 prices
rallied, reaching a
high of $85 5/8
on Nov 30, 2000. A
decline saw prices pull back, reaching a
low of
$82 7/8 on Dec 21, 2000.
Another rally saw prices penetrate
resistance, closing 1/2/01
at $89 5/8. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 28, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $86.00. Resistance: Is at $90 1/4.
Point & Figure: Reversed to the upside on Dec 27, 2001. A P&F upside
reversal takes place at $87.00. Summary: Technical indicators have turned bullish. BUY! BAXTER INT'L INC
(BAX-NYSE) @ $90 1/2 Stop: Use a protective stop of $87 5/8.
BAXTER INT'L INC is currently trading @ $89 5/8 plus $1.32 on Jan 2, 2001. Price Objective:
$103.00. Risk/Reward: $2 7/8 VS. $12 1/2. Today's Risk Reward Ratio: 4:1
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