Harry Aloof
08-14-2007, 06:49 PM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
APPLERA CORP APPLIED BIOSYS GR (ABI-NYSE): Technical Viewpoint: From a low of $28.30 on Jun 19, 2007 prices rallied, reaching a high of $33.25 on Jul 23, 2007. A decline saw prices pull back, reaching a low of $30.53 on Aug 1, 2007. Another rally saw prices penetrate resistance line "A", closing 8/10/07 at $33.77. Technicals: MACD Index (MACD): A Buy Alert! was given on Aug 10, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $32.25. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jul 5, 2007. A P&F downside reversal takes place at $31.00. Summary: Technical indicators have turned bullish. BUY! APPLERA CORP APPLIED BIOSYS GR (ABI-NYSE) @ $34.13 Stop: Use a protective stop of $32.13. APPLERA CORP APPLIED BIOSYS GR is currently trading @ $33.77 plus $0.78 on Aug 10, 2007.
Price Objective: $44.50.
Risk/Reward: $2.00 VS. $10.37
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2177-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
APPLERA CORP APPLIED BIOSYS GR (ABI-NYSE): Technical Viewpoint: From a low of $28.30 on Jun 19, 2007 prices rallied, reaching a high of $33.25 on Jul 23, 2007. A decline saw prices pull back, reaching a low of $30.53 on Aug 1, 2007. Another rally saw prices penetrate resistance line "A", closing 8/10/07 at $33.77. Technicals: MACD Index (MACD): A Buy Alert! was given on Aug 10, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $32.25. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jul 5, 2007. A P&F downside reversal takes place at $31.00. Summary: Technical indicators have turned bullish. BUY! APPLERA CORP APPLIED BIOSYS GR (ABI-NYSE) @ $34.13 Stop: Use a protective stop of $32.13. APPLERA CORP APPLIED BIOSYS GR is currently trading @ $33.77 plus $0.78 on Aug 10, 2007.
Price Objective: $44.50.
Risk/Reward: $2.00 VS. $10.37
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2177-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)