SCHERING PLOUGH
(SGP-NYSE):
Technical Viewpoint: From a low
of $20.40 on Jul 11, 2002 prices
rallied, reaching a
high of $24.00
on Jul 17, 2002. A
decline saw prices pull back, reaching a
low of
$20.01 on Jul 24, 2002.
Another rally saw prices penetrate
resistance, closing 7/30/02
at $25.47. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 30, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $23.00. Resistance: Is at $25.56.
Point & Figure: Reversed to the upside on Jul 29, 2002. A P&F upside
reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! SCHERING PLOUGH
(SGP-NYSE) @ $25.63 Stop: Use a protective stop of $23.63.
SCHERING PLOUGH is currently trading @ $25.47 plus $0.93 on Jul 30, 2002. Price Objective:
$35.50. Risk/Reward: $2.00 VS. $9.88. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$35.50
Risk/Reward:
$2.00 VS. $9.88
Risk/Reward Ratio:
5:1
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