IVAX CORPORATION
(IVX-Amex):
Technical Viewpoint: From a low
of $21.46 on Apr 4, 2001 prices
rallied, reaching a
high of $32.56
on Apr 30, 2001. A
decline saw prices pull back, reaching a
low of
$28.30 on May 21, 2001.
Another rally saw prices penetrate
resistance, closing 5/31/01
at $33.70. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 23, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $29.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 29, 2001. A P&F upside
reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! IVAX CORPORATION
(IVX-Amex) @ $33.88 Stop: Use a protective stop of $31.38.
IVAX CORPORATION is currently trading @ $33.70 plus $1.13 on May 31, 2001. Price Objective:
$50.00. Risk/Reward: $2.50 VS. $16.50. Today's Risk Reward Ratio: 6:1
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