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GLOBAL CROSSING LTD
(GBLX-Nasdaq):
Technical Viewpoint: From a low
of $25 5/8 on Jul 6, 2000 prices
rallied, reaching a
high of $34.56
on Jul 14, 2000. A
decline saw prices pull back, reaching a
low of
$24.00 on Jul 31, 2000.
Another rally saw prices penetrate
resistance, closing 8/17/00
at $32 1/2. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 7, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $28.00. Resistance: Is at $34.00.
Point & Figure: Reversed to the upside on Aug 16, 2000. A P&F upside
reversal takes place at $30.00. Summary: Technical indicators have turned bullish. BUY! GLOBAL CROSSING LTD
(GBLX-Nasdaq) @ $33 1/8 Stop: Use a protective stop of $30 5/8.
GLOBAL CROSSING LTD is currently trading @ $32 1/2 plus $2.69 on Aug 17, 2000. Price Objective:
$48.00. Risk/Reward: $2 1/2 VS. $14 7/8. 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:
$48.00
Risk/Reward:
$2 1/2 VS. $14 7/8
Risk/Reward Ratio:
6:1
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