Biomet Inc (BMET) 12/10/2006

[Harry Aloof]

From Wall Street Trader's Column

Biomet Inc (BMET) NYSE
Report No. 2201 Analysis by: Harry Aloof December 10, 2006

BIOMET INC (BMET-Nasdaq): Technical Viewpoint: From a low of $32.76 on Sep 17, 2006 prices rallied, reaching a high of $39.25 on Nov 10, 2006. A decline saw prices pull back, reaching a low of $36.91 on Nov 28, 2006. Another rally saw prices penetrate resistance line "A", closing 12/8/06 at $39.90. Technicals: MACD Index (MACD): A Buy Alert! was given on Dec 9, 2006 when the solid line crossed the dotted line to the upside. Support: Remains at $39.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Oct 23, 2006. A P&F downside reversal takes place at $37.00. Summary: Technical indicators have turned bullish. BUY! BIOMET INC (BMET-Nasdaq) @ $40.13 Stop: Use a protective stop of $38.13. BIOMET INC is currently trading @ $39.90 plus $1.17 on Dec 8, 2006.

Price Objective: $49.50.
Risk/Reward: $2.00 VS. $9.37.
Today's Risk Reward Ratio: 5:1