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ALZA CORP
(AZA-NYSE):
Technical Viewpoint: From a low
of $46.56 on Jun 12, 2000 prices
rallied, reaching a
high of $66 5/8
on Jul 11, 2000. A
decline saw prices pull back, reaching a
low of
$55.94 on Jul 20, 2000.
Another rally saw prices penetrate
resistance, closing 8/1/00
at $68.69. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 1, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $57.00. Resistance: Is at $NONE.
Point & Figure: Reversed to the upside on Jul 26, 2000. A P&F upside
reversal takes place at $65.00. Summary: Technical indicators have turned bullish. BUY! ALZA CORP
(AZA-NYSE) @ $68 7/8 Stop: Use a protective stop of $66 1/8.
ALZA CORP is currently trading @ $68.69 plus $2 3/4 on Aug 1, 2000. Price Objective:
$86.00. Risk/Reward: $2 3/4 VS. $17 1/8. 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:
$86.00
Risk/Reward:
$2 3/4 VS. $17 1/8
Risk/Reward Ratio:
6:1
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