NEXTEL COMMUNICTN'S
(NXTL-Nasdaq):
Technical Viewpoint: From a low
of $20 1/8 on Dec 30, 1998 prices
rallied, reaching a
high of $34.00
on Jan 20, 1999. A
decline saw prices pull back, reaching a
low of
$27.44 on Mar 3, 1999.
Another rally saw prices penetrate
resistance, closing 3/18/99
at $34.31. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 10, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $29.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 9, 1999. A P&F upside
reversal takes place at $33.00. Summary: Technical indicators have turned bullish. BUY! NEXTEL COMMUNICTN'S
(NXTL-Nasdaq) @ $34 5/8 Stop: Use a protective stop of $31 7/8.
NEXTEL COMMUNICTN'S is currently trading @ $34.31 plus $2.06 on Mar 18, 1999. Price Objective:
$46 1/6. Risk/Reward: $2 3/4 VS. $11 5/8. 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:
$46 1/6
Risk/Reward:
$2 3/4 VS. $11 5/8
Risk/Reward Ratio:
4:1
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