NEXTEL COMMUNICATIONS
(NXTL-Nasdaq):
Technical Viewpoint: From a low
of $13.85 on Jun 10, 2003 prices
rallied, reaching a
high of $18.05
on Jun 19, 2003. A
decline saw prices pull back, reaching a
low of
$16.50 on Jun 24, 2003.
Another rally saw prices penetrate
resistance, closing 6/26/03
at $18.16. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 24, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $17.13. Resistance: Is at $18.40.
Point & Figure: Reversed to the upside on Jun 24, 2003. A P&F upside
reversal takes place at $16.50. Summary: Technical indicators have turned bullish. BUY! NEXTEL COMMUNICATIONS
(NXTL-Nasdaq) @ $18.25 Stop: Use a protective stop of $16.75.
NEXTEL COMMUNICATIONS is currently trading @ $18.16 plus $1.25 on Jun 26, 2003. Price Objective:
$27.00. Risk/Reward: $1.50 VS. $8.75. Today's Risk Reward Ratio: 6:1
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