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NEXTEL COMMUNICATIONS
(NXTL-Nasdaq):
Technical Viewpoint: From a low
of $13.58 on Jun 18, 2001 prices
rallied, reaching a
high of $17.00
on Jun 22, 2001. A
decline saw prices pull back, reaching a
low of
$14.80 on Jun 27, 2001.
Another rally saw prices penetrate
resistance, closing 6/29/01
at $17.50. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 21, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $15.00. Resistance: Is at $20.00.
Point & Figure: Reversed to the upside on Jun 29, 2001. A P&F upside
reversal takes place at $16.00. Summary: Technical indicators have turned bullish. BUY! NEXTEL COMMUNICATIONS
(NXTL-Nasdaq) @ $17.62 Stop: Use a protective stop of $16.12.
NEXTEL COMMUNICATIONS is currently trading @ $17.50 plus $1.70 on Jun 29, 2001. Price Objective:
$32.00. Risk/Reward: $1.38 VS. $14.38. Today's Risk Reward Ratio: 10:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$32.00
Risk/Reward:
$1.38 VS. $14.38
Risk/Reward Ratio:
10:1
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