INVISION TECHNOLOGIES
(INVN-Nasdaq):
Technical Viewpoint: From a low
of $16.66 on Nov 28, 2001 prices
rallied, reaching a
high of $28.59
on Dec 3, 2001. A
decline saw prices pull back, reaching a
low of
$24.80 on Dec 6, 2001.
Another rally saw prices penetrate
resistance, closing 12/7/01
at $31.34. Technicals: MACD Index (MACD): A Buy Alert!
was given on Nov 9, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $29.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 7, 2001. A P&F upside
reversal takes place at $29.50. Summary: Technical indicators have turned bullish. BUY! INVISION TECHNOLOGIES
(INVN-Nasdaq) @ $31.50 Stop: Use a protective stop of $28.88.
INVISION TECHNOLOGIES is currently trading @ $31.34 plus $5.89 on Dec 7, 2001. Price Objective:
$42.00. Risk/Reward: $2.63 VS. $10.50. Today's Risk Reward Ratio: 4:1
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