BAXTER INTERNAT'L
(BAX-NYSE):
Technical Viewpoint: From a low
of $45.25 on Nov 6, 2001 prices
rallied, reaching a
high of $52.44
on Dec 3, 2001. A
decline saw prices pull back, reaching a
low of
$49.60 on Dec 6, 2001.
Another rally saw prices penetrate
resistance, closing 12/21/01
at $53.35. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 29, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $50.00. Resistance: Is at $54.00.
Point & Figure: Reversed to the upside on Dec 10, 2001. A P&F upside
reversal takes place at $51.50. Summary: Technical indicators have turned bullish. BUY! BAXTER INTERNAT'L
(BAX-NYSE) @ $53.38 Stop: Use a protective stop of $50.63.
BAXTER INTERNAT'L is currently trading @ $53.35 plus $1.05 on Dec 21, 2001. Price Objective:
$67.00. Risk/Reward: $2.50 VS. $13.63. Today's Risk Reward Ratio: 5:1
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