CEPHALON INC
(CEPH-Nasdaq):
Technical Viewpoint: From a low
of $35.82 on Jul 11, 2002 prices
rallied, reaching a
high of $46.20
on Jul 18, 2002. A
decline saw prices pull back, reaching a
low of
$37.59 on Jul 24, 2002.
Another rally saw prices penetrate
resistance, closing 7/31/02
at $48.00. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 15, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $42.75. Resistance: Is at $52.62.
Point & Figure: Reversed to the upside on Jul 31, 2002. A P&F upside
reversal takes place at $42.00. Summary: Technical indicators have turned bullish. BUY! CEPHALON INC
(CEPH-Nasdaq) @ $48.25 Stop: Use a protective stop of $46.25.
CEPHALON INC is currently trading @ $48.00 plus $2.36 on Jul 31, 2002. Price Objective:
$66.00. Risk/Reward: $2.00 VS. $17.75. Today's Risk Reward Ratio: 9:1
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