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ELAN CORP
(ELN-NYSE):
Technical Viewpoint: From a low
of $47.85 on Apr 20, 2001 prices
rallied, reaching a
high of $58.90
on May 29, 2001. A
decline saw prices pull back, reaching a
low of
$55.85 on Jun 12, 2001.
Another rally saw prices penetrate
resistance, closing 6/14/01
at $60.05. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 10, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $56.25. Resistance: Is at $60.13.
Point & Figure: Reversed to the upside on Jun 14, 2001. A P&F upside
reversal takes place at $57.75. Summary: Technical indicators have turned bullish. BUY! ELAN CORP
(ELN-NYSE) @ $60.13 Stop: Use a protective stop of $57.50.
ELAN CORP is currently trading @ $60.05 plus $3.44 on Jun 14, 2001. Price Objective:
$74.00. Risk/Reward: $2.63 VS. $13.88. 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:
$74.00
Risk/Reward:
$2.63 VS. $13.88
Risk/Reward Ratio:
5:1
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