Baxter International (BAX)

One for the watch lists as it approaches $64.72 resistance (get an email, iGoogle, SMS alert for this stock when it hits $64.72 - or $64.82; the breakout price). Baxter International (BAX) previously featured to fallond newsletter subscribers for April 1st and June 16th. The stock has exhibited good behavior with rising volume on rising prices

Bull trend strength has picked up steadily since the April-June consolidation triangle broke to the upside. The MACD trigger line is rising above the bullish zero line on overbought stochastics. If the stock can maintain this form it will mark a new all-time weekly high for the stock.

June 30th registered a double top breakout on the point-n-figure chaft with a price target of $80.00 (although mine is slightly lower).

On the options front; long term holders can look to the Jan 2010 $50 strike at $17.70 from the Ask, with the Feb 2009 $65 strike at $4.80 also interesting.

Dr. Declan Fallon, Senior Market Technician, the free stock alerts, market alerts and stock charts website

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