GLOBAL CROSSING LTD
(GBLX-Nasdaq):
Technical Viewpoint: From a low
of $20 1/4 on Sep 7, 1999 prices
rallied, reaching a
high of $38 5/8
on Oct 12, 1999. A
decline saw prices pull back, reaching a
low of
$32.19 on Nov 2, 1999.
Another rally saw prices penetrate
resistance, closing 11/12/99
at $38 1/2. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 8, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $32 1/2. Resistance: Is at $44 1/4.
Point & Figure: Reversed to the upside on Nov 9, 1999. A P&F upside
reversal takes place at $35.00. Summary: Technical indicators have turned bullish. BUY! GLOBAL CROSSING LTD
(GBLX-Nasdaq) @ $38 7/8 Stop: Use a protective stop of $36 3/8.
GLOBAL CROSSING LTD is currently trading @ $38 1/2 plus $3.69 on Nov 12, 1999. Price Objective:
$52.00. Risk/Reward: $2 1/2 VS. $13 1/8. 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:
$52.00
Risk/Reward:
$2 1/2 VS. $13 1/8
Risk/Reward Ratio:
5:1
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