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CLEAR CHANNEL COMM INC
(CCU-NYSE):
Technical Viewpoint: From a low
of $36.40 on Nov 13, 2003 prices
rallied, reaching a
high of $44.99
on Dec 2, 2003. A
decline saw prices pull back, reaching a
low of
$36.60 on Dec 30, 2003.
Another rally saw prices penetrate
resistance, closing 1/9/03
at $42.73. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 7, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $37.75. Resistance: Is at $44.99.
Point & Figure: Reversed to the upside on Jan 6, 2003. A P&F upside
reversal takes place at $40.00. Summary: Technical indicators have turned bullish. BUY! CLEAR CHANNEL COMM INC
(CCU-NYSE) @ $43.13 Stop: Use a protective stop of $41.13.
CLEAR CHANNEL COMM INC is currently trading @ $42.73 plus $2.24 on Jan 9, 2003. Price Objective:
$58.00. Risk/Reward: $2.00 VS. $14.88. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$58.00
Risk/Reward:
$2.00 VS. $14.88
Risk/Reward Ratio:
7:1
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