AMERICA ONLINE
(AOL-NYSE):
Technical Viewpoint: From a low
of $89 1/2 on Jun 14, 1999 prices
rallied, reaching a
high of $116 5/8
on Jun 22, 1999. A
decline saw prices pull back, reaching a
low of
$98.00 on Jun 28, 1999.
Another rally saw prices penetrate
resistance, closing 7/8/99
at $127 5/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 8, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $114.00. Resistance: Is at $138.00.
Point & Figure: Reversed to the upside on Jun 30, 1999. A P&F upside
reversal takes place at $120.00. Summary: Technical indicators have turned bullish. BUY! AMERICA ONLINE
(AOL-NYSE) @ $129 1/8 Stop: Use a protective stop of $125 7/8.
AMERICA ONLINE is currently trading @ $127 5/8 plus $2 5/8 on Jul 8, 1999. Price Objective:
$168.00. Risk/Reward: $3 1/4 VS. $38 7/8. Today's Risk Reward Ratio: 12:1
|
Click here to view full size chart
|