EMMIS COMMUNICATIONS
(EMMS-Nasdaq):
Technical Viewpoint: From a low
of $23.50 on Apr 27, 2001 prices
rallied, reaching a
high of $33.95
on May 24, 2001. A
decline saw prices pull back, reaching a
low of
$28.05 on Jul 22, 2001.
Another rally saw prices penetrate
resistance, closing 7/2/01
at $33.29. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 2, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $30.50. Resistance: Is at $33.95.
Point & Figure: Reversed to the upside on Jul 2, 2001. A P&F upside
reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! EMMIS COMMUNICATIONS
(EMMS-Nasdaq) @ $33.75 Stop: Use a protective stop of $31.25.
EMMIS COMMUNICATIONS is currently trading @ $33.29 plus $2.54 on Jul 2, 2001. Price Objective:
$48.00. Risk/Reward: $2.50 VS. $14.25. Today's Risk Reward Ratio: 6:1
|
Click here to view full size chart
|