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CLEAR CHANNEL CO
(CCU-NYSE):
Technical Viewpoint: From a low
of $65 7/8 on Aug 31, 1999 prices
rallied, reaching a
high of $80.56
on Sep 20, 1999. A
decline saw prices pull back, reaching a
low of
$74 3/4 on Sep 24, 1999.
Another rally saw prices penetrate
resistance, closing 9/30/99
at $79 7/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 24, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $75.00. Resistance: Is at $80 3/4.
Point & Figure: Reversed to the upside on Sep 28, 1999. A P&F upside
reversal takes place at $77.00. Summary: Technical indicators have turned bullish. BUY! CLEAR CHANNEL CO
(CCU-NYSE) @ $80 7/8 Stop: Use a protective stop of $78 1/4.
CLEAR CHANNEL CO is currently trading @ $79 7/8 plus $3 1/2 on Sep 30, 1999. Price Objective:
$90.00. Risk/Reward: $2 5/8 VS. $9 1/8. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$90.00
Risk/Reward:
$2 5/8 VS. $9 1/8
Risk/Reward Ratio:
3:1
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