|
LEVEL 3 COMMUNICATIONS
(LVLT-Nasdaq):
Technical Viewpoint: From a low
of $25.00 on Nov 30, 2000 prices
rallied, reaching a
high of $42.06
on Dec 13, 2000. A
decline saw prices pull back, reaching a
low of
$26 7/8 on Dec 21, 2001.
Another rally saw prices penetrate
resistance, closing 1/10/01
at $44 4/8. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Jan 8, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $38 3/8. Resistance: Is at $52.00.
Point & Figure: Reversed to the upside on Jan 9, 2001. A P&F upside
reversal takes place at $38.00. Summary: Technical indicators have turned bullish. BUY! LEVEL 3 COMMUNICATIONS
(LVLT-Nasdaq) @ $45 7/8 Stop: Use a protective stop of $42 7/8.
LEVEL 3 COMMUNICATIONS is currently trading @ $44 4/8 plus $6.57 on Jan 10, 2001. Price Objective:
$69.00. Risk/Reward: $3.00 VS. $23 1/8. Today's Risk Reward Ratio: 8:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$69.00
Risk/Reward:
$3.00 VS. $23 1/8
Risk/Reward Ratio:
8:1
|
