SCHERING-PLOUGH
(SGP-NYSE):
Technical Viewpoint: From a low
of $34.50 on Jul 2, 2001 prices
rallied, reaching a
high of $39.80
on Aug 2, 2001. A
decline saw prices pull back, reaching a
low of
$36.96 on Aug 9, 2001.
Another rally saw prices penetrate
resistance, closing 8/24/01
at $39.85. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Aug 22, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $37.75. Resistance: Is at $41.06.
Point & Figure: Reversed to the upside on Aug 25, 2001. A P&F upside
reversal takes place at $38.50. Summary: Technical indicators have turned bullish. BUY! SCHERING-PLOUGH
(SGP-NYSE) @ $40.12 Stop: Use a protective stop of $37.62.
SCHERING-PLOUGH is currently trading @ $39.85 plus $0.82 on Aug 24, 2001. Price Objective:
$52.00. Risk/Reward: $2.50 VS. $11.88. Today's Risk Reward Ratio: 5:1
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