Applera Corp Applied Biosys (ABI) - August 13, 2007

Harry Aloof · 08-14-2007, 06:49 PM

From Wall Street Trader's Column

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

08-14-2007, 06:49 PM	#1
Harry Aloof contributing website Join Date: Oct 2006 Posts: 154	Applera Corp Applied Biosys (ABI) - August 13, 2007 From Wall Street Trader's Column 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

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