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RESMED INC
(RMD-NYSE):
Technical Viewpoint: From a low
of $38.63 on Mar 7, 2006 prices
rallied, reaching a
high of $44.92
on Apr 5, 2006. A
decline saw prices pull back, reaching a
low of
$41.32 on Apr 17, 2006.
Another rally saw prices penetrate
resistance, closing 5/5/06
at $48.58. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 5, 2006 when the Histogram crossed the "0" line to the upside.
Support: Remains at $44.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 21, 2006. A P&F upside
reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! RESMED INC
(RMD-NYSE) @ $48.63 Stop: Use a protective stop of $46.63.
RESMED INC is currently trading @ $48.58 plus $4.96 on May 5, 2006. Price Objective:
$59.50. Risk/Reward: $2.00 VS. $10.87. 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:
$59.50
Risk/Reward:
$2.00 VS. $10.87
Risk/Reward Ratio:
5:1
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