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GLOBAL CROSSING LTD
(GBLX-Nasdaq):
Technical Viewpoint: From a low
of $43.00 on Jan 7, 2000 prices
rallied, reaching a
high of $54 3/4
on Jan 21, 2000. A
decline saw prices pull back, reaching a
low of
$51.00 on Jan 31, 2000.
Another rally saw prices penetrate
resistance, closing 2/8/00
at $53.31. Technicals: MACD Index (MACD): A Buy Alert!
was given on Feb 8, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $50.00. Resistance: Is at $54 3/4.
Point & Figure: Reversed to the upside on Jan 31, 2000. A P&F upside
reversal takes place at $48 3/4. Summary: Technical indicators have turned bullish. BUY! GLOBAL CROSSING LTD
(GBLX-Nasdaq) @ $53 5/8 Stop: Use a protective stop of $50 3/4.
GLOBAL CROSSING LTD is currently trading @ $53.31 plus $3.00 on Feb 8, 2000. Price Objective:
$70 1/2. Risk/Reward: $2 7/8 VS. $16 7/8. Today's Risk Reward Ratio: 16:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$70 1/2
Risk/Reward:
$2 7/8 VS. $16 7/8
Risk/Reward Ratio:
16:1
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