AMERICA ONLINE INC
(AOL-NYSE):
Technical Viewpoint: From a low
of $48.31 on May 26, 2000 prices
rallied, reaching a
high of $57 5/8
on Jun 2, 2000. A
decline saw prices pull back, reaching a
low of
$50.81 on Jun 13, 2000.
Another rally saw prices penetrate
resistance, closing 6/20/00
at $57 3/4. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 1, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $52.00. Resistance: Is at $59 1/4.
Point & Figure: Reversed to the upside on Jun 15, 2000. A P&F upside
reversal takes place at $53 3/4. Summary: Technical indicators have turned bullish. BUY! AMERICA ONLINE INC
(AOL-NYSE) @ $58 1/8 Stop: Use a protective stop of $55 3/8.
AMERICA ONLINE INC is currently trading @ $57 3/4 plus $3 1/4 on Jun 20, 2000. Price Objective:
$73.00. Risk/Reward: $2 3/4 VS. $14 3/4. Today's Risk Reward Ratio: 5:1
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