KOS PHARAMACEUTICALS
(KOSP-Nasdaq):
Technical Viewpoint: From a low
of $29.56 on Jun 18, 2004 prices
rallied, reaching a
high of $33.75
on Jul 8, 2004. A
decline saw prices pull back, reaching a
low of
$28.00 on Aug 4, 2004.
Another rally saw prices penetrate
resistance, closing 8/5/04
at $34.61. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 5, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $30.30. Resistance: Is at $37.11.
Point & Figure: Reversed to the upside on Aug 5, 2004. A P&F upside
reversal takes place at $34.50. Summary: Technical indicators have turned bullish. BUY! KOS PHARAMACEUTICALS
(KOSP-Nasdaq) @ $36.25 Stop: Use a protective stop of $34.25.
KOS PHARAMACEUTICALS is currently trading @ $34.61 plus $5.86 on Aug 5, 2004. Price Objective:
$48.00. Risk/Reward: $2.00 VS. $11.75. Today's Risk Reward Ratio: 6:1
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