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NEXTEL COMMUNICATIONS
(NXTL-Nasdaq):
Technical Viewpoint: From a low
of $33.00 on May 7, 1999 prices
rallied, reaching a
high of $39.75
on May 13, 1999. A
decline saw prices pull back, reaching a
low of
$34.00 on May 27, 1999.
Another rally saw prices penetrate
resistance, closing 6/22/99
at $44.81. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 15, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $37 1/2. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 28, 1999. A P&F upside
reversal takes place at $42.00. Summary: Technical indicators have turned bullish. BUY! NEXTEL COMMUNICATIONS
(NXTL-Nasdaq) @ $45 1/4 Stop: Use a protective stop of $42 3/4.
NEXTEL COMMUNICATIONS is currently trading @ $44.81 plus $0.5/8 on Jun 22, 1999. Price Objective:
$66.00. Risk/Reward: $2 1/2 VS. $20 3/4. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$66.00
Risk/Reward:
$2 1/2 VS. $20 3/4
Risk/Reward Ratio:
8:1
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