U.S. CELLULAR CORP
(USM-Amex):
Technical Viewpoint: From a low
of $32.97 on May 20, 2004 prices
rallied, reaching a
high of $39.60
on Jun 28, 2004. A
decline saw prices pull back, reaching a
low of
$35.90 on Jul 12, 2004.
Another rally saw prices penetrate
resistance, closing 7/21/04
at $41.68. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 7, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $36.25. Resistance: Is at $42.40.
Point & Figure: Reversed to the upside on Jul 21, 2004. A P&F upside
reversal takes place at $40.50. Summary: Technical indicators have turned bullish. BUY! U.S. CELLULAR CORP
(USM-Amex) @ $42.38 Stop: Use a protective stop of $40.38.
U.S. CELLULAR CORP is currently trading @ $41.68 plus $4.86 on Jul 21, 2004. Price Objective:
$57.00. Risk/Reward: $2.00 VS. $14.62. 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:
$57.00
Risk/Reward:
$2.00 VS. $14.62
Risk/Reward Ratio:
7:1
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