LEVEL 3 COMMUNICATIONS (LVLT-Nasdaq): Technical Viewpoint: From a low of $25.00 on Nov 30, 2000 prices rallied, reaching a high of $42.06 on Dec 13, 2000. A decline saw prices pull back, reaching a low of $26 7/8 on Dec 21, 2001. Another rally saw prices penetrate resistance, closing 1/10/01 at $44 4/8. Technicals: Momentum Index (MTM): A Buy Alert! was given on Jan 8, 2001 when the solid line crossed the dotted line to the upside. Support: Remains at $38 3/8. Resistance: Is at $52.00. Point & Figure: Reversed to the upside on Jan 9, 2001. A P&F upside reversal takes place at $38.00. Summary: Technical indicators have turned bullish. BUY! LEVEL 3 COMMUNICATIONS (LVLT-Nasdaq) @ $45 7/8 Stop: Use a protective stop of $42 7/8. LEVEL 3 COMMUNICATIONS is currently trading @ $44 4/8 plus $6.57 on Jan 10, 2001. Price Objective: $69.00. Risk/Reward: $3.00 VS. $23 1/8. Today's Risk Reward Ratio: 8:1