BUY! WELLCARE GROUP INC (WCG) NYSE

  Report No. 2412    Analysis by: Harry Aloof     MAY 8, 2011

WELLCARE GROUP INC (WCG-NYSE): Technical Viewpoint: From a low of $35.67 on Mar 15, 2011 prices rallied, reaching a high of $44.55 on Apr 19, 2011. A decline saw prices pull back, reaching a low of $39.42 on May 8, 2011. Another rally saw prices penetrate resistance, closing 5/6/11 at $47.33. Technicals: MACD Index (MACD): A Buy Alert! was given on May 7, 2011 when the solid line crossed the dotted line to the upside. Support: Remains at $44.73. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on May 6, 2011. A P&F upside reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! WELLCARE GROUP INC (WCG-NYSE) @ $48.13 Stop: Use a protective stop of $46.13. WELLCARE GROUP INC is currently trading @ $47.33 plus $4.89 on May 6, 2011. Price Objective: $59.50. Risk/Reward: $2.00 VS. $11.37. Today's Risk Reward Ratio: 6:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$59.50 Risk/Reward:
$2.00 VS. $11.37 Risk/Reward Ratio:
6:1
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