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MGI PHARMA INC
(MOGN-Nasdaq):
Technical Viewpoint: From a low
of $39.80 on Jan 7, 2004 prices
rallied, reaching a
high of $47.50
on Jan 20, 2004. A
decline saw prices pull back, reaching a
low of
$45.56 on Jan 22, 2004.
Another rally saw prices penetrate
resistance, closing 2/4/04
at $51.19. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 26, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $47.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 28, 2004. A P&F upside
reversal takes place at $49.50. Summary: Technical indicators have turned bullish. BUY! MGI PHARMA INC
(MOGN-Nasdaq) @ $51.88 Stop: Use a protective stop of $49.38.
MGI PHARMA INC is currently trading @ $51.19 plus $2.97 on Feb 3, 2004. Price Objective:
$61.00. Risk/Reward: $2.50 VS. $9.12. 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:
$61.00
Risk/Reward:
$2.50 VS. $9.12
Risk/Reward Ratio:
4:1
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