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HUMAN GENOME SCIENCES
(HGSI-Nasdaq):
Technical Viewpoint: From a low
of $10.03 on Jul 10, 2002 prices
rallied, reaching a
high of $17.80
on Jul 31, 2002. A
decline saw prices pull back, reaching a
low of
$14.70 on Aug 5, 2002.
Another rally saw prices penetrate
resistance, closing 8/9/02
at $17.87. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 19, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $15.25. Resistance: Is at $18.32.
Point & Figure: Reversed to the upside on Aug 7, 2002. A P&F upside
reversal takes place at $16.00. Summary: Technical indicators have turned bullish. BUY! HUMAN GENOME SCIENCES
(HGSI-Nasdaq) @ $18.13 Stop: Use a protective stop of $16.63.
HUMAN GENOME SCIENCES is currently trading @ $17.87 plus $0.93 on Aug 9, 2002. Price Objective:
$26.50. Risk/Reward: $1.50 VS. $8.38. 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:
$26.50
Risk/Reward:
$1.50 VS. $8.38
Risk/Reward Ratio:
5:1
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