NEXTEL COMMU
(NXTL-Nasdaq):
Technical Viewpoint: From a low
of $19.94 on Dec 29, 1998 prices
rallied, reaching a
high of $34.00
on Jan 20, 1999. A
decline saw prices pull back, reaching a
low of
$27.44 on Mar 3, 1999.
Another rally saw prices penetrate
resistance, closing 3/26/99
at $37 7/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 10, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $32 1/4. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 26, 1999. A P&F upside
reversal takes place at $36.00. Summary: Technical indicators have turned bullish. BUY! NEXTEL COMMU
(NXTL-Nasdaq) @ $38 1/2 Stop: Use a protective stop of $35 3/4.
NEXTEL COMMU is currently trading @ $37 7/8 plus $4/32 on Mar 26, 1999. Price Objective:
$47.00. Risk/Reward: $2 3/4 VS. $8 1/2. Today's Risk Reward Ratio: 3:0
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