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SBC COMMUNICATIONS
(SBC-NYSE):
Technical Viewpoint: From a low
of $21.16 on Oct 15, 2003 prices
rallied, reaching a
high of $24.25
on Nov 3, 2003. A
decline saw prices pull back, reaching a
low of
$22.86 on Nov 10, 2003.
Another rally saw prices penetrate
resistance, closing 12/10/03
at $24.61. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 28, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $22.25. Resistance: Is at $25.74.
Point & Figure: Reversed to the upside on Dec 4, 2003. A P&F upside
reversal takes place at $23.75. Summary: Technical indicators have turned bullish. BUY! SBC COMMUNICATIONS
(SBC-NYSE) @ $24.75 Stop: Use a protective stop of $22.75.
SBC COMMUNICATIONS is currently trading @ $24.61 plus $0.64 on Dec 10, 2003. Price Objective:
$36.00. Risk/Reward: $2.00 VS. $11.25. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$36.00
Risk/Reward:
$2.00 VS. $11.25
Risk/Reward Ratio:
6:1
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