SPRINT CORP PCS GP
(PCS-NYSE):
Technical Viewpoint: From a low
of $45.69 on Apr 14, 2000 prices
rallied, reaching a
high of $60.00
on May 8, 2000. A
decline saw prices pull back, reaching a
low of
$49.19 on May 24, 2000.
Another rally saw prices penetrate
resistance, closing 6/13/00
at $60.69. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 6, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $55.00. Resistance: Is at $61.00.
Point & Figure: Reversed to the upside on May 25, 2000. A P&F upside
reversal takes place at $57.00. Summary: Technical indicators have turned bullish. BUY! SPRINT CORP PCS GP
(PCS-NYSE) @ $60 7/8 Stop: Use a protective stop of $58 1/8.
SPRINT CORP PCS GP is currently trading @ $60.69 plus $2 1/2 on Jun 13, 2000. Price Objective:
$75.00. Risk/Reward: $2 3/4 VS. $14 1/8. Today's Risk Reward Ratio: 5:1
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