GENETECH INC
(DNA-NYSE):
Technical Viewpoint: From a low
of $80.57 on Jan 30, 2009 prices
rallied, reaching a
high of $89.00
on Feb 25, 2009. A
decline saw prices pull back, reaching a
low of
$81.26 on Mar 2, 2009.
Another rally saw prices penetrate
resistance, closing 3/6/09
at $90.86. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 6, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $89.00. Resistance: Is at $92.25.
Point & Figure: Reversed to the upside on Mar 6, 2009. A P&F upside
reversal takes place at $88.00. Summary: Technical indicators have turned bullish. BUY! GENETECH INC
(DNA-NYSE) @ $91.13 Stop: Use a protective stop of $88.38.
GENETECH INC is currently trading @ $90.86 plus $9.22 on Mar 6, 2009. Price Objective:
$103.50. Risk/Reward: $2.75 VS. $12.37. Today's Risk Reward Ratio: 4:1
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