Harry Aloof
04-23-2007, 03:12 PM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
OMRIX BIOPHARMACEUTICALS (OMRI-Nasdaq): Technical Viewpoint: From a low of $32.00 on Jan 24, 2007 prices rallied, reaching a high of $37.48 on Feb 6, 2007. A decline saw prices pull back, reaching a low of $32.55 on Mar 5, 2007. Another rally saw prices penetrate resistance line "A", closing 3/9/07 at $37.86. Technicals: MACD Index (MACD): A Buy Alert! was given on Mar 9, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $33.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Mar 9, 2007. A P&F downside reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! OMRIX BIOPHARMACEUTICALS (OMRI-Nasdaq) @ $38.13 Stop: Use a protective stop of $36.13. OMRIX BIOPHARMACEUTICALS is currently trading @ $37.86 plus $2.65 on Mar 10, 2007.
Price Objective: $47.50
Risk/Reward: $2.00 VS. $9.37
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2128-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
OMRIX BIOPHARMACEUTICALS (OMRI-Nasdaq): Technical Viewpoint: From a low of $32.00 on Jan 24, 2007 prices rallied, reaching a high of $37.48 on Feb 6, 2007. A decline saw prices pull back, reaching a low of $32.55 on Mar 5, 2007. Another rally saw prices penetrate resistance line "A", closing 3/9/07 at $37.86. Technicals: MACD Index (MACD): A Buy Alert! was given on Mar 9, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $33.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Mar 9, 2007. A P&F downside reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! OMRIX BIOPHARMACEUTICALS (OMRI-Nasdaq) @ $38.13 Stop: Use a protective stop of $36.13. OMRIX BIOPHARMACEUTICALS is currently trading @ $37.86 plus $2.65 on Mar 10, 2007.
Price Objective: $47.50
Risk/Reward: $2.00 VS. $9.37
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2128-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)