BUY! SCHERING-PLOUGH (SGP) NYSE

  Report No. 1353    Analysis by: Harry Aloof     AUGUST 27, 2001

SCHERING-PLOUGH (SGP-NYSE): Technical Viewpoint: From a low of $34.50 on Jul 2, 2001 prices rallied, reaching a high of $39.80 on Aug 2, 2001. A decline saw prices pull back, reaching a low of $36.96 on Aug 9, 2001. Another rally saw prices penetrate resistance, closing 8/24/01 at $39.85. Technicals: Momentum Index (MTM): A Buy Alert! was given on Aug 22, 2001 when the solid line crossed the dotted line to the upside. Support: Remains at $37.75. Resistance: Is at $41.06. Point & Figure: Reversed to the upside on Aug 25, 2001. A P&F upside reversal takes place at $38.50. Summary: Technical indicators have turned bullish. BUY! SCHERING-PLOUGH (SGP-NYSE) @ $40.12 Stop: Use a protective stop of $37.62. SCHERING-PLOUGH is currently trading @ $39.85 plus $0.82 on Aug 24, 2001. Price Objective: $52.00. Risk/Reward: $2.50 VS. $11.88. Today's Risk Reward Ratio: 5:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$52.00 Risk/Reward:
$2.50 VS. $11.88 Risk/Reward Ratio:
5:1
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