BUY! GLOBAL CROSSING (GBLX) Nasdaq

  Report No. 899    Analysis by: Harry Aloof     OCTOBER 25, 1999

GLOBAL CROSSING (GBLX-Nasdaq): Technical Viewpoint: From a low of $24.81 on Oct 4, 1999 prices rallied, reaching a high of $38 5/8 on Oct 12, 1999. A decline saw prices pull back, reaching a low of $31.00 on Oct 18, 1999. Another rally saw prices penetrate resistance, closing 10/22/99 at $35 1/2. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 8, 1999 when the Histogram crossed the "0" line to the upside. Support: Remains at $32 3/4. Resistance: Is at $38 5/8. Point & Figure: Reversed to the upside on Oct 22, 1999. A P&F upside reversal takes place at $31 1/2. Summary: Technical indicators have turned bullish. BUY! GLOBAL CROSSING (GBLX-Nasdaq) @ $36 1/8 Stop: Use a protective stop of $33 1/2. GLOBAL CROSSING is currently trading @ $35 1/2 plus $1.50 on Oct 22, 1999. Price Objective: $46.00. Risk/Reward: $2 5/8 VS. $9 7/8. Today's Risk Reward Ratio: 4:1

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

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Price Objective:
$46.00 Risk/Reward:
$2 5/8 VS. $9 7/8 Risk/Reward Ratio:
4:1
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