BUY! BELL ATLANTIC CORP (BEL) NYSE

  Report No. 860    Analysis by: Harry Aloof     AUGUST 27, 1999

BELL ATLANTIC CORP (BEL-NYSE): Technical Viewpoint: From a low of $58.3` on Jun 24, 1999 prices rallied, reaching a high of $66.94 on Jul 16, 1999. A decline saw prices pull back, reaching a low of $60.58 on Aug 20, 1999. Another rally saw prices penetrate resistance, closing 8/26/99 at $65.31. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Aug 26, 1999 when the Histogram crossed the "0" line to the upside. Support: Remains at $61.00. Resistance: Is at $67.00. Point & Figure: Reversed to the upside on Aug 25, 1999. A P&F upside reversal takes place at $63.00. Summary: Technical indicators have turned bullish. BUY! BELL ATLANTIC CORP (BEL-NYSE) @ $65 1/2 Stop: Use a protective stop of $63 1/2. BELL ATLANTIC CORP is currently trading @ $65.31 plus $1.43 on Aug 26, 1999. Price Objective: $82.00. Risk/Reward: $2.00 VS. $16 1/2. Today's Risk Reward Ratio: 8:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$82.00 Risk/Reward:
$2.00 VS. $16 1/2 Risk/Reward Ratio:
8:1
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