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GENENTECH INC
(DNA-NYSE):
Technical Viewpoint: From a low
of $93.75 on Feb 24, 2004 prices
rallied, reaching a
high of $110.06
on Feb 27, 2004. A
decline saw prices pull back, reaching a
low of
$104.00 on Mar 2, 2004.
Another rally saw prices penetrate
resistance, closing 3/3/04
at $108.74. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Feb 26, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $103.69. Resistance: Is at $110.06.
Point & Figure: Reversed to the upside on Mar 3, 2004. A P&F upside
reversal takes place at $106.00. Summary: Technical indicators have turned bullish. BUY! GENENTECH INC
(DNA-NYSE) @ $109.50 Stop: Use a protective stop of $106.75.
GENENTECH INC is currently trading @ $108.74 plus $3.49 on Mar 3, 2004. Price Objective:
$125.00. Risk/Reward: $2.75 VS. $15.50. 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:
$125.00
Risk/Reward:
$2.75 VS. $15.50
Risk/Reward Ratio:
6:1
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