BELL ATLANTIC CORP
(BEL-NYSE):
Technical Viewpoint: From a low
of $58.3` on Jun 24, 1999 prices
rallied, reaching a
high of $66.94
on Jul 16, 1999. A
decline saw prices pull back, reaching a
low of
$60.58 on Aug 20, 1999.
Another rally saw prices penetrate
resistance, closing 8/26/99
at $65.31. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 26, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $61.00. Resistance: Is at $67.00.
Point & Figure: Reversed to the upside on Aug 25, 1999. A P&F upside
reversal takes place at $63.00. Summary: Technical indicators have turned bullish. BUY! BELL ATLANTIC CORP
(BEL-NYSE) @ $65 1/2 Stop: Use a protective stop of $63 1/2.
BELL ATLANTIC CORP is currently trading @ $65.31 plus $1.43 on Aug 26, 1999. Price Objective:
$82.00. Risk/Reward: $2.00 VS. $16 1/2. Today's Risk Reward Ratio: 8:1
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