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contributing website
![]() Join Date: Oct 2006
Posts: 154
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From Wall Street Trader's Column
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
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