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PSINET
(PSIX-Nasdaq):
Technical Viewpoint: From a low
of $28.00 on Mar 21, 1999 prices
rallied, reaching a
high of $40.19
on Feb 2, 1999. A
decline saw prices pull back, reaching a
low of
$30 3/8 on Feb 10, 1999.
Another rally saw prices penetrate
resistance, closing 3/10/99
at $42 1/4. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 10, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $37.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 10, 1999. A P&F upside
reversal takes place at $40 1/2. Summary: Technical indicators have turned bullish. BUY! PSINET
(PSIX-Nasdaq) @ $43 1/8 Stop: Use a protective stop of $40 1/4.
PSINET is currently trading @ $42 1/4 plus $7 1/8 on Mar 10, 1999. Price Objective:
$55 1/2. Risk/Reward: $2 7/8 VS. $12 3/0. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$55 1/2
Risk/Reward:
$2 7/8 VS. $12 3/0
Risk/Reward Ratio:
4:1
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