CUBIST PHARMACEUTICALS
(CBST-Nasdaq):
Technical Viewpoint: From a low
of $41.89 on Aug 2, 2012 prices
rallied, reaching a
high of $44.57
on Aug 10, 2012. A
decline saw prices pull back, reaching a
low of
$42.65 on Aug 17, 2012.
Another rally saw prices penetrate
resistance, closing 8/24/12
at $45.65. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 24, 2012 when the solid line crossed the dotted line to the upside.
Support: Remains at $44.57. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 12, 2012. A P&F upside
reversal takes place at $43.00. Summary: Technical indicators have turned bullish. BUY! CUBIST PHARMACEUTICALS
(CBST-Nasdaq) @ $46.13 Stop: Use a protective stop of $44.13.
CUBIST PHARMACEUTICALS is currently trading @ $45.65 plus $1.21 on Aug 24, 2012. Price Objective:
$57.50. Risk/Reward: $2.00 VS. $13.37. Today's Risk Reward Ratio: 6:1
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