MYLAN LABORATORIES INC
(MYL-NYSE):
Technical Viewpoint: From a low
of $22.41 on Dec 27, 2002 prices
rallied, reaching a
high of $27.08
on Jan 30, 2003. A
decline saw prices pull back, reaching a
low of
$25.52 on Feb 6, 2003.
Another rally saw prices penetrate
resistance, closing 2/10/03
at $27.11. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 6, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $24.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Feb 7, 2003. A P&F upside
reversal takes place at $26.25. Summary: Technical indicators have turned bullish. BUY! MYLAN LABORATORIES INC
(MYL-NYSE) @ $27.13 Stop: Use a protective stop of $25.13.
MYLAN LABORATORIES INC is currently trading @ $27.11 plus $0.99 on Feb 10, 2003. Price Objective:
$35.00. Risk/Reward: $2.00 VS. $7.88. 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:
$35.00
Risk/Reward:
$2.00 VS. $7.88
Risk/Reward Ratio:
4:1
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