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MEDICIS PHARM CORP
(MRX-NYSE):
Technical Viewpoint: From a low
of $21.28 on Jul 1, 2010 prices
rallied, reaching a
high of $26.61
on Jul 27, 2010. A
decline saw prices pull back, reaching a
low of
$24.66 on Jul 30, 2010.
Another rally saw prices penetrate
resistance, closing 8/6/10
at $27.69. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 14, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $25.66. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 13, 2010. A P&F upside
reversal takes place at $25.00. Summary: Technical indicators have turned bullish. BUY! MEDICIS PHARM CORP
(MRX-NYSE) @ $28.13 Stop: Use a protective stop of $26.13.
MEDICIS PHARM CORP is currently trading @ $27.69 plus $1.62 on Aug 6, 2010. Price Objective:
$39.50. Risk/Reward: $2.00 VS. $11.37. 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:
$39.50
Risk/Reward:
$2.00 VS. $11.37
Risk/Reward Ratio:
6:1
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