NBTY INC
(NBTY-Nasdaq):
Technical Viewpoint: From a low
of $13.51 on Jul 26, 2001 prices
rallied, reaching a
high of $15.99
on Jul 31, 2001. A
decline saw prices pull back, reaching a
low of
$14.09 on Aug 1, 2001.
Another rally saw prices penetrate
resistance, closing 8/6/01
at $16.62. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 3, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $13.50. Resistance: Is at $19.00.
Point & Figure: Reversed to the upside on Jul 27, 2001. A P&F upside
reversal takes place at $15.00. Summary: Technical indicators have turned bullish. BUY! NBTY INC
(NBTY-Nasdaq) @ $16.75 Stop: Use a protective stop of $15.25.
NBTY INC is currently trading @ $16.62 plus $.96 on Aug 6, 2001. Price Objective:
$29.00. Risk/Reward: $1.50 VS. $12.25. Today's Risk Reward Ratio: 8:1
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