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WATERS CORP
(WAT-NYSE):
Technical Viewpoint: From a low
of $36.50 on Apr 10, 2001 prices
rallied, reaching a
high of $58.03
on May 2, 2001. A
decline saw prices pull back, reaching a
low of
$49.40 on May 16, 2001.
Another rally saw prices penetrate
resistance, closing 5/17/01
at $54.81. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 1, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $50.00. Resistance: Is at $58.00.
Point & Figure: Reversed to the upside on May 17, 2001. A P&F upside
reversal takes place at $52.00. Summary: Technical indicators have turned bullish. BUY! WATERS CORP
(WAT-NYSE) @ $55.62 Stop: Use a protective stop of $52.75.
WATERS CORP is currently trading @ $54.81 plus $3.31 on May 17, 2001. Price Objective:
$74.00. Risk/Reward: $2.87 VS. $18.38. 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:
$74.00
Risk/Reward:
$2.87 VS. $18.38
Risk/Reward Ratio:
6:1
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