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INVITROGEN CORPORATION
(IVGN-Nasdaq):
Technical Viewpoint: From a low
of $56.17 on Sep 12, 2003 prices
rallied, reaching a
high of $63.05
on Sep 18, 2003. A
decline saw prices pull back, reaching a
low of
$53.61 on Sep 29, 2003.
Another rally saw prices penetrate
resistance, closing 10/10/03
at $61.43. Technicals: MACD Index (MACD): A Buy Alert!
was given on Oct 10, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $56.25. Resistance: Is at $63.05.
Point & Figure: Reversed to the upside on Oct 10, 2003. A P&F upside
reversal takes place at $59.25. Summary: Technical indicators have turned bullish. BUY! INVITROGEN CORPORATION
(IVGN-Nasdaq) @ $61.63 Stop: Use a protective stop of $59.13.
INVITROGEN CORPORATION is currently trading @ $61.43 plus $2.34 on Oct 10, 2003. Price Objective:
$74.25. Risk/Reward: $2.50 VS. $12.63. 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:
$74.25
Risk/Reward:
$2.50 VS. $12.63
Risk/Reward Ratio:
5:1
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