GENZYME CORP
(GENZ-Nasdaq):
Technical Viewpoint: From a low
of $27.55 on Nov 18, 2002 prices
rallied, reaching a
high of $36.55
on Dec 3, 2002. A
decline saw prices pull back, reaching a
low of
$28.45 on Jan 10, 2003.
Another rally saw prices penetrate
resistance, closing 1/15/03
at $35.11. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 15, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $29.50. Resistance: Is at $36.55.
Point & Figure: Reversed to the upside on Jan 14, 2003. A P&F upside
reversal takes place at $33.50. Summary: Technical indicators have turned bullish. BUY! GENZYME CORP
(GENZ-Nasdaq) @ $35.25 Stop: Use a protective stop of $33.25.
GENZYME CORP is currently trading @ $35.11 plus $2.50 on Jan 15, 2003. Price Objective:
$45.00. Risk/Reward: $2.00 VS. $11.75. Today's Risk Reward Ratio: 6:1
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