ADVANCEPCS
(ADVP-Nasdaq):
Technical Viewpoint: From a low
of $58.40 on Aug 7, 2001 prices
rallied, reaching a
high of $72.22
on Aug 17, 2001. A
decline saw prices pull back, reaching a
low of
$65.65 on Aug 20, 2001.
Another rally saw prices penetrate
resistance, closing 8/22/01
at $72.98. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Aug 8, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $65.65. Resistance: Is at $73.50.
Point & Figure: Reversed to the upside on Aug 17, 2001. A P&F upside
reversal takes place at $69.00. Summary: Technical indicators have turned bullish. BUY! ADVANCEPCS
(ADVP-Nasdaq) @ $73.12 Stop: Use a protective stop of $70.25.
ADVANCEPCS is currently trading @ $72.98 plus $1.99 on Aug 22, 2001. Price Objective:
$96.00. Risk/Reward: $2.88 VS. $25.88. Today's Risk Reward Ratio: 9:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$96.00
Risk/Reward:
$2.88 VS. $25.88
Risk/Reward Ratio:
9:1
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