WATSON PHARMACEUTICALS
(WPI-NYSE):
Technical Viewpoint: From a low
of $18.99 on Aug 6, 2002 prices
rallied, reaching a
high of $25.92
on Sep 12, 2002. A
decline saw prices pull back, reaching a
low of
$22.17 on Oct 10, 2002.
Another rally saw prices penetrate
resistance, closing 10/28/02
at $26.60. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 16, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $25.75. Resistance: Is at $26.82.
Point & Figure: Reversed to the upside on Oct 22, 2002. A P&F upside
reversal takes place at $25.50. Summary: Technical indicators have turned bullish. BUY! WATSON PHARMACEUTICALS
(WPI-NYSE) @ $26.75 Stop: Use a protective stop of $24.75.
WATSON PHARMACEUTICALS is currently trading @ $26.60 plus $0.78 on Oct 28, 2002. Price Objective:
$36.00. Risk/Reward: $2.00 VS. $9.25. Today's Risk Reward Ratio: 4:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$36.00
Risk/Reward:
$2.00 VS. $9.25
Risk/Reward Ratio:
4:1
|