WELLCARE GROUP INC
(WCG-NYSE):
Technical Viewpoint: From a low
of $35.67 on Mar 15, 2011 prices
rallied, reaching a
high of $44.55
on Apr 19, 2011. A
decline saw prices pull back, reaching a
low of
$39.42 on May 8, 2011.
Another rally saw prices penetrate
resistance, closing 5/6/11
at $47.33. Technicals: MACD Index (MACD): A Buy Alert!
was given on May 7, 2011 when the solid line crossed the dotted line to the upside.
Support: Remains at $44.73. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 6, 2011. A P&F upside
reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! WELLCARE GROUP INC
(WCG-NYSE) @ $48.13 Stop: Use a protective stop of $46.13.
WELLCARE GROUP INC is currently trading @ $47.33 plus $4.89 on May 6, 2011. Price Objective:
$59.50. Risk/Reward: $2.00 VS. $11.37. Today's Risk Reward Ratio: 6:1
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