SCHERING-PLOUGH CORP
(SGP-NYSE):
Technical Viewpoint: From a low
of $49.69 on Nov 13, 2000 prices
rallied, reaching a
high of $57.56
on Nov 30, 2000. A
decline saw prices pull back, reaching a
low of
$52 5/8 on Dec 1, 2000.
Another rally saw prices penetrate
resistance, closing 12/13/00
at $57 7/8. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 13, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $53 1/4. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 8, 2000. A P&F upside
reversal takes place at $55 1/2. Summary: Technical indicators have turned bullish. BUY! SCHERING-PLOUGH CORP
(SGP-NYSE) @ $58 1/4 Stop: Use a protective stop of $55 5/8.
SCHERING-PLOUGH CORP is currently trading @ $57 7/8 plus $2 1/8 on Dec 13, 2000. Price Objective:
$71.00. Risk/Reward: $2 5/8 VS. $12 3/4. 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:
$71.00
Risk/Reward:
$2 5/8 VS. $12 3/4
Risk/Reward Ratio:
5:1
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