WARNER LAMBERT CO
(WLA-NYSE):
Technical Viewpoint: From a low
of $79.00 on Mar 7, 2000 prices
rallied, reaching a
high of $109 7/8
on Apr 12, 2000. A
decline saw prices pull back, reaching a
low of
$98 1/2 on Apr 14, 2000.
Another rally saw prices penetrate
resistance, closing 5/5/00
at $122 1/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 15, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $110.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 2, 2000. A P&F upside
reversal takes place at $118 1/2. Summary: Technical indicators have turned bullish. BUY! WARNER LAMBERT CO
(WLA-NYSE) @ $123 1/8 Stop: Use a protective stop of $119 7/8.
WARNER LAMBERT CO is currently trading @ $122 1/4 plus $5.31 on May 5, 2000. Price Objective:
$157 1/2. Risk/Reward: $3 1/4 VS. $34 3/8. Today's Risk Reward Ratio: 10:1
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