Pharmaceutical Product Dev (PPDI) - January 14, 2008

[Harry Aloof]

From Wall Street Trader's Column

PHARMACEUTICAL PROD DEV (PPDI-Nasdaq): Technical Viewpoint: From a low of $39.77 on Dec 19, 2007 prices rallied, reaching a high of $41.90 on Dec 24, 2007. A decline saw prices pull back, reaching a low of $39.84 on Jan 2, 2008. Another rally saw prices penetrate resistance line "A", closing yesterday at $47.71. Technicals: MACD Index (MACD): A Buy Alert! was given on Jan 7, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $45.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jan 7, 2008. A P&F downside reversal takes place at $44.00. Summary: Technical indicators have turned bullish. BUY! PHARMACEUTICAL PROD DEV (PPDI-Nasdaq) @ $48.13 Stop: Use a protective stop of $46.13. PHARMACEUTICAL PROD DEV is currently trading @ $47.71 plus $1.57 on Jan 11, 2008.

Price Objective: $59.50
Risk/Reward: $2.00 VS. $11.37
Today's Risk Reward Ratio: 6:1