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IMCLONE SYSTEMS INC
(IMCL-Nasdaq):
Technical Viewpoint: From a low
of $41.35 on Aug 16, 2001 prices
rallied, reaching a
high of $54.22
on Aug 27, 2001. A
decline saw prices pull back, reaching a
low of
$48.50 on Sep 6, 2001.
Another rally saw prices penetrate
resistance, closing 9/7/01
at $53.30. Technicals: RSI Index (RSI): A Buy Alert!
was given on Sep 7, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $48.50. Resistance: Is at $54.22.
Point & Figure: Reversed to the upside on Sep 7, 2001. A P&F upside
reversal takes place at $51.00. Summary: Technical indicators have turned bullish. BUY! IMCLONE SYSTEMS INC
(IMCL-Nasdaq) @ $53.38 Stop: Use a protective stop of $50.63.
IMCLONE SYSTEMS INC is currently trading @ $53.30 plus $2.57 on Sep 7, 2001. Price Objective:
$71.25. Risk/Reward: $2.75 VS. $17.87. 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:
$71.25
Risk/Reward:
$2.75 VS. $17.87
Risk/Reward Ratio:
6:1
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