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NORTEL NETWORKS CORP
(NT-NYSE):
Technical Viewpoint: From a low
of $87.56 on Jan 31, 2000 prices
rallied, reaching a
high of $126 1/2
on Feb 9, 2000. A
decline saw prices pull back, reaching a
low of
$107 5/8 on Feb 28, 2000.
Another rally saw prices penetrate
resistance, closing 3/6/00
at $130.00. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Feb 29, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $120.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Feb 29, 2000. A P&F upside
reversal takes place at $124.00. Summary: Technical indicators have turned bullish. BUY! NORTEL NETWORKS CORP
(NT-NYSE) @ $130 1/8 Stop: Use a protective stop of $126 7/8.
NORTEL NETWORKS CORP is currently trading @ $130.00 plus $9 1/2 on Mar 6, 2000. Price Objective:
$155.00. Risk/Reward: $3 1/4 VS. $24 7/8. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$155.00
Risk/Reward:
$3 1/4 VS. $24 7/8
Risk/Reward Ratio:
7:1
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