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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$46.00
Risk/Reward:
$2 5/8 VS. $9 7/8
Risk/Reward Ratio:
4:1
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