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CLEAR CHANNEL COMM
(CCU-Nasdaq):
Technical Viewpoint: From a low
of $32.50 on Sep 24, 2002 prices
rallied, reaching a
high of $37.95
on Sep 26, 2002. A
decline saw prices pull back, reaching a
low of
$29.36 on Oct 10, 2002.
Another rally saw prices penetrate
resistance, closing 10/18/02
at $38.57. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 16, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $35.75. Resistance: Is at $38.95.
Point & Figure: Reversed to the upside on Oct 18, 2002. A P&F upside
reversal takes place at $35.00. Summary: Technical indicators have turned bullish. BUY! CLEAR CHANNEL COMM
(CCU-Nasdaq) @ $38.75 Stop: Use a protective stop of $36.75.
CLEAR CHANNEL COMM is currently trading @ $38.57 plus $2.00 on Oct 18, 2002. Price Objective:
$51.00. Risk/Reward: $2.00 VS. $12.25. 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:
$51.00
Risk/Reward:
$2.00 VS. $12.25
Risk/Reward Ratio:
6:1
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