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VERIZON COMMUNICATIONS
(VZ-NYSE):
Technical Viewpoint: From a low
of $28.50 on Oct 13, 2002 prices
rallied, reaching a
high of $32.70
on Sep 12, 2002. A
decline saw prices pull back, reaching a
low of
$26.75 on Sep 30, 2002.
Another rally saw prices penetrate
resistance, closing 10/11/02
at $35.19. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 4, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $33.00. Resistance: Is at $35.95.
Point & Figure: Reversed to the upside on Oct 4, 2002. A P&F upside
reversal takes place at $33.00. Summary: Technical indicators have turned bullish. BUY! VERIZON COMMUNICATIONS
(VZ-NYSE) @ $35.63 Stop: Use a protective stop of $33.63.
VERIZON COMMUNICATIONS is currently trading @ $35.19 plus $2.24 on Oct 11, 2002. Price Objective:
$48.00. Risk/Reward: $2.00 VS. $12.38. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$48.00
Risk/Reward:
$2.00 VS. $12.38
Risk/Reward Ratio:
6:1
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