NEW CENTURY TELECOM INC
(ALN-NYSE):
Technical Viewpoint: From a low
of $16.33 on Nov 19, 2002 prices
rallied, reaching a
high of $28.10
on Dec 26, 2002. A
decline saw prices pull back, reaching a
low of
$24.52 on Jan 2, 2003.
Another rally saw prices penetrate
resistance, closing 1/8/03
at $29.12. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 10, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $26.75. Resistance: Is at $24.75.
Point & Figure: Reversed to the upside on Jan 7, 2003. A P&F upside
reversal takes place at $26.75. Summary: Technical indicators have turned bullish. BUY! NEW CENTURY TELECOM INC
(ALN-NYSE) @ $29.25 Stop: Use a protective stop of $27.25.
NEW CENTURY TELECOM INC is currently trading @ $29.12 plus $2.84 on Jan 8, 2003. Price Objective:
$39.00. Risk/Reward: $2.00 VS. $9.75. Today's Risk Reward Ratio: 5:1
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