BUY! LEVEL 3 COMMUNICATIONS (LVLT) Nasdaq

  Report No. 888    Analysis by: Harry Aloof     OCTOBER 8, 1999

LEVEL 3 COMMUNICATIONS (LVLT-Nasdaq): Technical Viewpoint: From a low of $45 1/4 on Aug 11, 1999 prices rallied, reaching a high of $65 5/8 on Sep 3, 1999. A decline saw prices pull back, reaching a low of $49 7/8 on Oct 1, 1999. Another rally saw prices penetrate resistance, closing 10/7/99 at $62 1/2. Technicals: MACD Index (MACD): A Buy Alert! was given on Oct 6, 1999 when the solid line crossed the dotted line to the upside. Support: Remains at $57 1/2. Resistance: Is at $65 5/8. Point & Figure: Reversed to the upside on Oct 5, 1999. A P&F upside reversal takes place at $58 1/2. Summary: Technical indicators have turned bullish. BUY! LEVEL 3 COMMUNICATIONS (LVLT-Nasdaq) @ $63 1/8 Stop: Use a protective stop of $60 3/8. LEVEL 3 COMMUNICATIONS is currently trading @ $62 1/2 plus $4.56 on Oct 7, 1999. Price Objective: $97 1/2. Risk/Reward: $2 3/4 VS. $34 3/8. Today's Risk Reward Ratio: 12:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$97 1/2 Risk/Reward:
$2 3/4 VS. $34 3/8 Risk/Reward Ratio:
12:1
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