BUY! IMCLONE SYSTEMS INC (IMCL) Nasdaq

  Report No. 1364    Analysis by: Harry Aloof     SEPTEMBER 20, 2001

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 22, 2001. A decline saw prices pull back, reaching a low of $48.50 on Sep 9, 2001. Another rally saw prices penetrate resistance, closing 9/19/01 at $56.60. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Aug 23, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $53.75. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Sep 19, 2001. A P&F upside reversal takes place at $55.00. Summary: Technical indicators have turned bullish. BUY! IMCLONE SYSTEMS INC (IMCL-Nasdaq) @ $56.87 Stop: Use a protective stop of $54.12. IMCLONE SYSTEMS INC is currently trading @ $56.60 plus $6.59 on Sep 19, 2001. Price Objective: $72.00. Risk/Reward: $2.75 VS. $15.13. 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:
$72.00 Risk/Reward:
$2.75 VS. $15.13 Risk/Reward Ratio:
5:1
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