CYBERONICS INC
(CYBX-NYSE):
Technical Viewpoint: From a low
of $16.10 on Jan 24, 2003 prices
rallied, reaching a
high of $18.00
on Feb 6, 2003. A
decline saw prices pull back, reaching a
low of
$16.07 on Feb 25, 2003.
Another rally saw prices penetrate
resistance, closing 3/28/03
at $21.26. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 5, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $20.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 18, 2003. A P&F upside
reversal takes place at $20.00. Summary: Technical indicators have turned bullish. BUY! CYBERONICS INC
(CYBX-NYSE) @ $21.63 Stop: Use a protective stop of $20.13.
CYBERONICS INC is currently trading @ $21.26 plus $1.51 on Mar 28, 2003. Price Objective:
$31.00. Risk/Reward: $1.50 VS. $9.38. Today's Risk Reward Ratio: 6:1
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