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EYETECH PHARMACEUTICALS
(EYET-Nasdaq):
Technical Viewpoint: From a low
of $30.08 on Apr 8, 2004 prices
rallied, reaching a
high of $40.25
on May 4, 2004. A
decline saw prices pull back, reaching a
low of
$31.48 on May 13, 2004.
Another rally saw prices penetrate
resistance, closing 5/28/04
at $44.32. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 27, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $40.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 28, 2004. A P&F upside
reversal takes place at $43.00. Summary: Technical indicators have turned bullish. BUY! EYETECH PHARMACEUTICALS
(EYET-Nasdaq) @ $44.88 Stop: Use a protective stop of $42.88.
EYETECH PHARMACEUTICALS is currently trading @ $44.32 plus $3.40 on May 28, 2004. Price Objective:
$53.00. Risk/Reward: $2.00 VS. $8.12. 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:
$53.00
Risk/Reward:
$2.00 VS. $8.12
Risk/Reward Ratio:
4:1
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