PHONE.COM INC
(PHCM-Nasdaq):
Technical Viewpoint: From a low
of $39 5/8 on Aug 5, 1999 prices
rallied, reaching a
high of $114 7/8
on Aug 16, 1999. A
decline saw prices pull back, reaching a
low of
$91.00 on Aug 18, 1999.
Another rally saw prices penetrate
resistance, closing 9/2/99
at $132 3/4. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Sep 2, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $110.00. Resistance: Is at $148.00.
Point & Figure: Reversed to the upside on Sep 1, 1999. A P&F upside
reversal takes place at $127 1/2. Summary: Technical indicators have turned bullish. BUY! PHONE.COM INC
(PHCM-Nasdaq) @ $136 1/8 Stop: Use a protective stop of $132 1/4.
PHONE.COM INC is currently trading @ $132 3/4 plus $17 1/2 on Sep 2, 1999. Price Objective:
$165.00. Risk/Reward: $3 7/8 VS. $28 7/8. Today's Risk Reward Ratio: 7:1
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