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SPRINT CORP FON GP 1
(FON-NYSE):
Technical Viewpoint: From a low
of $52.19 on Jun 17, 1999 prices
rallied, reaching a
high of $55 1/2
on Jun 28, 1999. A
decline saw prices pull back, reaching a
low of
$50 1/8 on Jul 2, 1999.
Another rally saw prices penetrate
resistance, closing 7/29/99
at $62.00. Technicals: RSI Index (RSI): A Buy Alert!
was given on Jul 29, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $50 1/4. Resistance: Is at $55 1/2.
Point & Figure: Reversed to the upside on Jul 29, 1999. A P&F upside
reversal takes place at $51 3/4. Summary: Technical indicators have turned bullish. BUY! SPRINT CORP FON GP 1
(FON-NYSE) @ $54 5/8 Stop: Use a protective stop of $52 3/8.
SPRINT CORP FON GP 1 is currently trading @ $62.00 plus $2 3/4 on Jul 29, 1999. Price Objective:
$76.00. Risk/Reward: $2 1/4 VS. $21 3/8. Today's Risk Reward Ratio: 9:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$76.00
Risk/Reward:
$2 1/4 VS. $21 3/8
Risk/Reward Ratio:
9:1
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