WATERS CORP
(WAT-NYSE):
Technical Viewpoint: From a low
of $42.14 on May 10, 2004 prices
rallied, reaching a
high of $47.00
on Jun 2, 2004. A
decline saw prices pull back, reaching a
low of
$43.78 on Jun 17, 2004.
Another rally saw prices penetrate
resistance, closing 7/7/04
at $47.50. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 29, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $45.50. Resistance: Is at $48.34.
Point & Figure: Reversed to the upside on Jul 1, 2004. A P&F upside
reversal takes place at $46.00. Summary: Technical indicators have turned bullish. BUY! WATERS CORP
(WAT-NYSE) @ $47.63 Stop: Use a protective stop of $45.63.
WATERS CORP is currently trading @ $47.50 plus $1.48 on Jul 7, 2004. Price Objective:
$59.50. Risk/Reward: $2.00 VS. $11.88. Today's Risk Reward Ratio: 6:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$59.50
Risk/Reward:
$2.00 VS. $11.88
Risk/Reward Ratio:
6:1
|