BIO-RAD LABORATORIES INC
(BIO-NYSE):
Technical Viewpoint: From a low
of $57.01 on Nov 29, 2005 prices
rallied, reaching a
high of $62.00
on Dec 9, 2005. A
decline saw prices pull back, reaching a
low of
$59.44 on Dec 15, 2005.
Another rally saw prices penetrate
resistance, closing 12/16/05
at $66.90. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 16, 2005 when the Histogram crossed the "0" line to the upside.
Support: Remains at $60.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 17, 2005. A P&F upside
reversal takes place at $63.00. Summary: Technical indicators have turned bullish. BUY! BIO-RAD LABORATORIES INC
(BIO-NYSE) @ $67.13 Stop: Use a protective stop of $64.63.
BIO-RAD LABORATORIES INC is currently trading @ $66.90 plus $6.73 on Dec 16, 2005. Price Objective:
$79.50. Risk/Reward: $2.50 VS. $12.37. Today's Risk Reward Ratio: 5:1
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