BUY! SCHERING PLOUGH (SGP) NYSE

  Report No. 1569    Analysis by: Harry Aloof     JULY 31, 2002

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

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$35.50 Risk/Reward:
$2.00 VS. $9.88 Risk/Reward Ratio:
5:1
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