SCHERING-PLOUGH CORP
(SGP-NYSE):
Technical Viewpoint: From a low
of $39 1/2 on Aug 8, 2000 prices
rallied, reaching a
high of $43.00
on Aug 18, 2000. A
decline saw prices pull back, reaching a
low of
$39.06 on Sep 6, 2000.
Another rally saw prices penetrate
resistance, closing 9/21/00
at $45 1/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 18, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $42.00. Resistance: Is at $45 1/2.
Point & Figure: Reversed to the upside on Sep 15, 2000. A P&F upside
reversal takes place at $43 1/2. Summary: Technical indicators have turned bullish. BUY! SCHERING-PLOUGH CORP
(SGP-NYSE) @ $45 1/2 Stop: Use a protective stop of $42 3/4.
SCHERING-PLOUGH CORP is currently trading @ $45 1/8 plus $1.44 on Sep 21, 2000. Price Objective:
$66.00. Risk/Reward: $2 3/4 VS. $20 1/2. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$66.00
Risk/Reward:
$2 3/4 VS. $20 1/2
Risk/Reward Ratio:
7:1
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