BUY! LEVEL 3 COMMUNICATIONS (LVLT) Nasdaq

  Report No. 742    Analysis by: Harry Aloof     MARCH 5, 1999

LEVEL 3 COMMUNICATIONS (LVLT-Nasdaq): Technical Viewpoint: From a low of $38 1/2 on Jan 13, 1999 prices rallied, reaching a high of $60 5/8 on Feb 4, 1999. A decline saw prices pull back, reaching a low of $49.00 on Feb 18, 1999. Another rally saw prices penetrate resistance, closing 3/4/99 at $57.94. Technicals: Momentum Index (MTM): A Buy Alert! was given on Mar 4, 1999 when the solid line crossed the dotted line to the upside. Support: Remains at $54 3/4. Resistance: Is at $60.00. Point & Figure: Reversed to the upside on Mar 3, 1999. A P&F upside reversal takes place at $55 1/2. Summary: Technical indicators have turned bullish. BUY! LEVEL 3 COMMUNICATIONS (LVLT-Nasdaq) @ $58 1/4 Stop: Use a protective stop of $55 5/8. LEVEL 3 COMMUNICATIONS is currently trading @ $57.94 plus $2.94 on Mar 4, 1999. Price Objective: $76 1/2. Risk/Reward: $2 5/8 VS. $18 1/4. Today's Risk Reward Ratio: 7:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$76 1/2 Risk/Reward:
$2 5/8 VS. $18 1/4 Risk/Reward Ratio:
7:1
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