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ABAXIS INC
(ABAX-Nasdaq):
Technical Viewpoint: From a low
of $12.08 on Sep 29, 2003 prices
rallied, reaching a
high of $19.00
on Oct 16, 2003. A
decline saw prices pull back, reaching a
low of
$14.44 on Oct 23, 2003.
Another rally saw prices penetrate
resistance, closing 11/10/03
at $19.79. Technicals: MACD Index (MACD): A Buy Alert!
was given on Nov 10, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $17.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 10, 2003. A P&F upside
reversal takes place at $19.25. Summary: Technical indicators have turned bullish. BUY! ABAXIS INC
(ABAX-Nasdaq) @ $20.13 Stop: Use a protective stop of $18.63.
ABAXIS INC is currently trading @ $19.79 plus $2.16 on Nov 10, 2003. Price Objective:
$28.75. Risk/Reward: $1.50 VS. $8.62. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$28.75
Risk/Reward:
$1.50 VS. $8.62
Risk/Reward Ratio:
6:1
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