Sanofi-Aventis (SNY) has made good though erratic progress of its March 2009 low, quickly surpassing the down trend off its January 2008 high (red line) and the November 2008 trading high (green line).
By Steve Cook
All American Investor
The stock is in a long term trading range the straight blue line is its upper boundary. Intermediate term, the stock is in an up trend (purple lines).
The wiggly blue line is on balance volume. The High Yield Portfolio owns a 2/3rds position in SNY. Shares would be Added at $20.50; the lower boundary of its Sell Half Range is $38.50. (I recognize that the current price is above $38.50 but have held off
pending developments at the company.)
Amplify’d from finance.yahoo.com
Sanofi American Depositary Shar
(NYSE: SNY )
Last Trade: 39.72 Trade Time: 11:37AM EDT Change: 0.02 (0.05%)
Prev Close: 39.74 Open: 39.89 Bid: 39.72 x 1200 Ask: 39.73 x 2000 1y Target Est: 46.94
Day's Range: 39.66 - 39.95 52wk Range: 28.03 - 40.75 Volume: 1,640,772 Avg Vol (3m): 3,590,260 Market Cap: 103.66B P/E (ttm): 14.49 EPS (ttm): 2.74 Div & Yield: 1.32 (3.30%)
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