VERIZON COMMUNICATIONS
(VZ-NYSE):
Technical Viewpoint: From a low
of $28.70 on Sep 9, 2002 prices
rallied, reaching a
high of $32.70
on Sep 12, 2002. A
decline saw prices pull back, reaching a
low of
$26.75 on Sep 30, 2002.
Another rally saw prices penetrate
resistance, closing 10/1/97
at $32.90. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Sep 25, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $30.25. Resistance: Is at $33.99.
Point & Figure: Reversed to the upside on Oct 2, 2002. A P&F upside
reversal takes place at $30.00. Summary: Technical indicators have turned bullish. BUY! VERIZON COMMUNICATIONS
(VZ-NYSE) @ $33.13 Stop: Use a protective stop of $31.13.
VERIZON COMMUNICATIONS is currently trading @ $32.90 plus $2.55 on Oct 3, 2002. Price Objective:
$43.75. Risk/Reward: $2.00 VS. $10.63. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$43.75
Risk/Reward:
$2.00 VS. $10.63
Risk/Reward Ratio:
5:1
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