BUY! MYLAN LABORATORIES INC (MYL) NYSE

  Report No. 1701    Analysis by: Harry Aloof     FEBRUARY 11, 2003

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

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

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Price Objective:
$35.00 Risk/Reward:
$2.00 VS. $7.88 Risk/Reward Ratio:
4:1
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