BERGEN BRUNSWIG CP
(BBC-NYSE):
Technical Viewpoint: From a low
of $18.71 on Jul 25, 2001 prices
rallied, reaching a
high of $21.74
on Jul 31, 2001. A
decline saw prices pull back, reaching a
low of
$19.81 on Aug 9, 2001.
Another rally saw prices penetrate
resistance, closing 8/21/01
at $21.85. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 26, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $20.00. Resistance: Is at $22.00.
Point & Figure: Reversed to the upside on Aug 21, 2001. A P&F upside
reversal takes place at $20.00. Summary: Technical indicators have turned bullish. BUY! BERGEN BRUNSWIG CP
(BBC-NYSE) @ $22.12 Stop: Use a protective stop of $20.12.
BERGEN BRUNSWIG CP is currently trading @ $21.85 plus $0.54 on Aug 21, 2001. Price Objective:
$30.50. Risk/Reward: $2.00 VS. $8.38. Today's Risk Reward Ratio: 4:1
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