Harry Aloof
09-01-2007, 01:54 AM
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)
IMMUCOR INC (BLUD-Nasdaq): Technical Viewpoint: From a low of $26.48 on Jul 11, 2007 prices rallied, reaching a high of $33.82 on Jul 27, 2007. A decline saw prices pull back, reaching a low of $30.10 on Aug 9, 2007. Another rally saw prices penetrate resistance, closing 8/17/07 at $34.14. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 14, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $31.00. Resistance: Is at $34.54. Point & Figure: Reversed to the upside on Jul 26, 2007. A P&F upside reversal takes place at $31.00. Summary: Technical indicators have turned bullish. BUY! IMMUCOR INC (BLUD-Nasdaq) @ $34.50 Stop: Use a protective stop of $32.50. IMMUCOR INC is currently trading @ $34.14 plus $1.65 on Aug 17, 2007.
Price Objective: $44.50
Risk/Reward: $2.00 VS. $10.00
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2179-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)
IMMUCOR INC (BLUD-Nasdaq): Technical Viewpoint: From a low of $26.48 on Jul 11, 2007 prices rallied, reaching a high of $33.82 on Jul 27, 2007. A decline saw prices pull back, reaching a low of $30.10 on Aug 9, 2007. Another rally saw prices penetrate resistance, closing 8/17/07 at $34.14. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 14, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $31.00. Resistance: Is at $34.54. Point & Figure: Reversed to the upside on Jul 26, 2007. A P&F upside reversal takes place at $31.00. Summary: Technical indicators have turned bullish. BUY! IMMUCOR INC (BLUD-Nasdaq) @ $34.50 Stop: Use a protective stop of $32.50. IMMUCOR INC is currently trading @ $34.14 plus $1.65 on Aug 17, 2007.
Price Objective: $44.50
Risk/Reward: $2.00 VS. $10.00
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2179-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)