VERIZON COMMUNICATIONS
(VZ-NYSE):
Technical Viewpoint: From a low
of $32.80 on Apr 17, 2003 prices
rallied, reaching a
high of $38.50
on May 20, 2003. A
decline saw prices pull back, reaching a
low of
$35.20 on May 22, 2003.
Another rally saw prices penetrate
resistance, closing 6/20/03
at $41.21. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 28, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $36.50. Resistance: Is at $41.35.
Point & Figure: Reversed to the upside on Jun 21, 2003. A P&F upside
reversal takes place at $39.00. Summary: Technical indicators have turned bullish. BUY! VERIZON COMMUNICATIONS
(VZ-NYSE) @ $41.38 Stop: Use a protective stop of $39.38.
VERIZON COMMUNICATIONS is currently trading @ $41.21 plus $1.10 on Jun 21, 2003. Price Objective:
$51.00. Risk/Reward: $2.00 VS. $9.62. Today's Risk Reward Ratio: 5:1
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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. $9.62
Risk/Reward Ratio:
5:1
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