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NEUROCRINE BIOSCIENCES
(NBIX-Nasdaq):
Technical Viewpoint: From a low
of $39.65 on Oct 25, 2002 prices
rallied, reaching a
high of $48.98
on Nov 22, 2002. A
decline saw prices pull back, reaching a
low of
$41.75 on Dec 18, 2002.
Another rally saw prices penetrate
resistance, closing 12/26/02
at $49.13. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 26, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $46.00. Resistance: Is at $52.21.
Point & Figure: Reversed to the upside on Dec 26, 2002. A P&F upside
reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! NEUROCRINE BIOSCIENCES
(NBIX-Nasdaq) @ $50.13 Stop: Use a protective stop of $47.63.
NEUROCRINE BIOSCIENCES is currently trading @ $49.13 plus $1.92 on Dec 26, 2002. Price Objective:
$61.00. Risk/Reward: $2.50 VS. $10.88. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$61.00
Risk/Reward:
$2.50 VS. $10.88
Risk/Reward Ratio:
4:1
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