GEN PROBE INC
(GPRO-Nasdaq):
Technical Viewpoint: From a high
of $22.55 on Oct 24, 2003 prices
declined, reaching a
low of $35.46
on Dec 2, 2003. A
rally saw prices pull back, reaching a
high of
$29.35 on Dec 10, 2003.
Another decline saw prices penetrate
support, closing 12/29/03
at $37.34. Technicals: MACD-Histogram (MACD-H): A Sell Alert!
was given on Dec 29, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $33.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the downside on Dec 29, 2003. A P&F downside
reversal takes place at $36.50. Summary: Technical indicators have turned bearish. SELL! GEN PROBE INC
(GPRO-Nasdaq) @ $38.13 Stop: Use a protective stop of $36.13.
GEN PROBE INC is currently trading @ $37.34 minus $4.17 on Dec 29, 2003. Price Objective:
$49.00. Risk/Reward: $2.00 VS. $10.87. Today's Risk Reward Ratio: 5:1
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