Harry Aloof
09-11-2007, 12:57 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)
ALNYLAN PHARMACEUTICALS (ALNY-Nasdaq): Technical Viewpoint: From a low of $22.93 on Aug 6, 2007 prices rallied, reaching a high of $27.20 on Aug 8, 2007. A decline saw prices pull back, reaching a low of $21.98 on Aug 16, 2007. Another rally saw prices penetrate resistance line "A", closing 9/7/07 at $26.97. Technicals: MACD Index (MACD): A Buy Alert! was given on Sep 9, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $22.00. Resistance: Is at $27.20. Point & Figure: Reversed to the upside on Sep 5, 2007. A P&F downside reversal takes place at $25.00. Summary: Technical indicators have turned bullish. BUY! ALNYLAN PHARMACEUTICALS (ALNY-Nasdaq) @ $27.25 Stop: Use a protective stop of $25.25. ALNYLAN PHARMACEUTICALS is currently trading @ $26.97 plus $1.12 on Sep 7, 2007.
Price Objective: $37.00
Risk/Reward: $2.00 VS. $9.75
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2189-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)
ALNYLAN PHARMACEUTICALS (ALNY-Nasdaq): Technical Viewpoint: From a low of $22.93 on Aug 6, 2007 prices rallied, reaching a high of $27.20 on Aug 8, 2007. A decline saw prices pull back, reaching a low of $21.98 on Aug 16, 2007. Another rally saw prices penetrate resistance line "A", closing 9/7/07 at $26.97. Technicals: MACD Index (MACD): A Buy Alert! was given on Sep 9, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $22.00. Resistance: Is at $27.20. Point & Figure: Reversed to the upside on Sep 5, 2007. A P&F downside reversal takes place at $25.00. Summary: Technical indicators have turned bullish. BUY! ALNYLAN PHARMACEUTICALS (ALNY-Nasdaq) @ $27.25 Stop: Use a protective stop of $25.25. ALNYLAN PHARMACEUTICALS is currently trading @ $26.97 plus $1.12 on Sep 7, 2007.
Price Objective: $37.00
Risk/Reward: $2.00 VS. $9.75
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2189-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)