IMMUCOR INC
(BLUD-Nasdaq):
Technical Viewpoint: From a low
of $26.48 on Jul 11, 2007 prices
rallied, reaching a
high of $33.82
on Jul 27, 2007. A
decline saw prices pull back, reaching a
low of
$30.10 on Aug 9, 2007.
Another rally saw prices penetrate
resistance, closing 8/17/07
at $34.14. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 14, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $31.00. Resistance: Is at $34.54.
Point & Figure: Reversed to the upside on Jul 26, 2007. A P&F upside
reversal takes place at $31.00. Summary: Technical indicators have turned bullish. BUY! IMMUCOR INC
(BLUD-Nasdaq) @ $34.50 Stop: Use a protective stop of $32.50.
IMMUCOR INC is currently trading @ $34.14 plus $1.65 on Aug 17, 2007. Price Objective:
$44.50. Risk/Reward: $2.00 VS. $10.00. Today's Risk Reward Ratio: 5:1
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