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POSSIS MEDICAL INC
(POSS-Nasdaq):
Technical Viewpoint: From a low
of $24.72 on Apr 14, 2004 prices
rallied, reaching a
high of $27.91
on Apr 23, 2004. A
decline saw prices pull back, reaching a
low of
$23.75 on May 10, 2004.
Another rally saw prices penetrate
resistance, closing 6/7/04
at $32.04. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 20, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $28.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 21, 2004. A P&F upside
reversal takes place at $29.00. Summary: Technical indicators have turned bullish. BUY! POSSIS MEDICAL INC
(POSS-Nasdaq) @ $32.38 Stop: Use a protective stop of $30.38.
POSSIS MEDICAL INC is currently trading @ $32.04 plus $3.89 on Jun 7, 2004. Price Objective:
$42.00. Risk/Reward: $2.00 VS. $9.62. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$42.00
Risk/Reward:
$2.00 VS. $9.62
Risk/Reward Ratio:
5:1
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