NANOGEN INC
(NGEN-Nasdaq):
Technical Viewpoint: From a low
of $2.95 on Nov 24, 2003 prices
rallied, reaching a
high of $7.00
on Dec 4, 2003. A
decline saw prices pull back, reaching a
low of
$5.20 on Dec 11, 2003.
Another rally saw prices penetrate
resistance, closing 1/2/04
at $11.69. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 3, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $8.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 2, 2004. A P&F upside
reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! NANOGEN INC
(NGEN-Nasdaq) @ $11.88 Stop: Use a protective stop of $10.38.
NANOGEN INC is currently trading @ $11.69 plus $2.68 on Jan 2, 2004. Price Objective:
$24.00. Risk/Reward: $1.50 VS. $12.12. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$24.00
Risk/Reward:
$1.50 VS. $12.12
Risk/Reward Ratio:
8:1
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