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TRANSKARYOTIC THERAPIES
(TKTX-Nasdaq):
Technical Viewpoint: From a low
of $31.02 on May 7, 2002 prices
rallied, reaching a
high of $41.64
on May 24, 2002. A
decline saw prices pull back, reaching a
low of
$29.45 on Jul 3, 2002.
Another rally saw prices penetrate
resistance, closing 7/16/02
at $41.20. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 16, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $38.00. Resistance: Is at $41.64.
Point & Figure: Reversed to the upside on Jul 16, 2002. A P&F upside
reversal takes place at $39.00. Summary: Technical indicators have turned bullish. BUY! TRANSKARYOTIC THERAPIES
(TKTX-Nasdaq) @ $41.63 Stop: Use a protective stop of $39.63.
TRANSKARYOTIC THERAPIES is currently trading @ $41.20 plus $3.77 on Jul 16, 2002. Price Objective:
$54.00. Risk/Reward: $2.00 VS. $12.38. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$54.00
Risk/Reward:
$2.00 VS. $12.38
Risk/Reward Ratio:
6:1
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