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KING PHARMACEUTICALS
(KG-NYSE):
Technical Viewpoint: From a low
of $40.50 on May 10, 2001 prices
rallied, reaching a
high of $56.36
on Jun 5, 2001. A
decline saw prices pull back, reaching a
low of
$51.74 on Jun 14, 2001.
Another rally saw prices penetrate
resistance, closing 6/18/01
at $55.35. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 17, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $52.00. Resistance: Is at $56.26.
Point & Figure: Reversed to the upside on Jun 18, 2001. A P&F upside
reversal takes place at $55.00. Summary: Technical indicators have turned bullish. BUY! KING PHARMACEUTICALS
(KG-NYSE) @ $55.75 Stop: Use a protective stop of $52.87.
KING PHARMACEUTICALS is currently trading @ $55.35 plus $1.53 on Jun 18, 2001. Price Objective:
$64.00. Risk/Reward: $2.88 VS. $8.25. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$64.00
Risk/Reward:
$2.88 VS. $8.25
Risk/Reward Ratio:
3:1
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