APPLERA CORP APPLIED BIOSYS GR
(ABI-NYSE):
Technical Viewpoint: From a low
of $28.30 on Jun 19, 2007 prices
rallied, reaching a
high of $33.25
on Jul 23, 2007. A
decline saw prices pull back, reaching a
low of
$30.53 on Aug 1, 2007.
Another rally saw prices penetrate
resistance, closing 8/10/07
at $33.77. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 10, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $32.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 5, 2007. A P&F upside
reversal takes place at $31.00. Summary: Technical indicators have turned bullish. BUY! APPLERA CORP APPLIED BIOSYS GR
(ABI-NYSE) @ $34.13 Stop: Use a protective stop of $32.13.
APPLERA CORP APPLIED BIOSYS GR is currently trading @ $33.77 plus $0.78 on Aug 10, 2007. Price Objective:
$44.50. Risk/Reward: $2.00 VS. $10.37. Today's Risk Reward Ratio: 5:1
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