VIATEL INC
(VYTL-Nasdaq):
Technical Viewpoint: From a low
of $40.56 on May 26, 1999 prices
rallied, reaching a
high of $51 1/8
on Jun 10, 1999. A
decline saw prices pull back, reaching a
low of
$43.06 on Jun 23, 1999.
Another rally saw prices penetrate
resistance, closing 6/25/99
at $55 1/4. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 25, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $45.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 23, 1999. A P&F upside
reversal takes place at $51 1/4. Summary: Technical indicators have turned bullish. BUY! VIATEL INC
(VYTL-Nasdaq) @ $55 5/8 Stop: Use a protective stop of $52 3/4.
VIATEL INC is currently trading @ $55 1/4 plus $3 5/8 on Jun 25, 1999. Price Objective:
$67 1/2. Risk/Reward: $2 7/8 VS. $11 7/8. Today's Risk Reward Ratio: 4:1
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