AOL TIME WARNER
(AOL-NYSE):
Technical Viewpoint: From a low
of $41.50 on Feb 23, 2001 prices
rallied, reaching a
high of $47.70
on Mar 6, 2001. A
decline saw prices pull back, reaching a
low of
$35.11 on Mar 22, 2001.
Another rally saw prices penetrate
resistance, closing 3/26/01
at $40.89. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Mar 26, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $36.00. Resistance: Is at $42.00.
Point & Figure: Reversed to the upside on Mar 23, 2001. A P&F upside
reversal takes place at $38.00. Summary: Technical indicators have turned bullish. BUY! AOL TIME WARNER
(AOL-NYSE) @ $41.62 Stop: Use a protective stop of $38.87.
AOL TIME WARNER is currently trading @ $40.89 plus $1.37 on Mar 26, 2001. Price Objective:
$67.00. Risk/Reward: $2.75 VS. $25.38. Today's Risk Reward Ratio: 9:1
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