GLOBAL CROSSING
(GBLX-Nasdaq):
Technical Viewpoint: From a low
of $32.19 on Nov 2, 1999 prices
rallied, reaching a
high of $46.06
on Nov 17, 1999. A
decline saw prices pull back, reaching a
low of
$40 5/8 on Nov 24, 1999.
Another rally saw prices penetrate
resistance, closing 12/13/99
at $51 3/8. 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 $44.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 10, 1999. A P&F upside
reversal takes place at $48.00. Summary: Technical indicators have turned bullish. BUY! GLOBAL CROSSING
(GBLX-Nasdaq) @ $51 5/8 Stop: Use a protective stop of $48 3/4.
GLOBAL CROSSING is currently trading @ $51 3/8 plus $4 1/2 on Dec 13, 1999. Price Objective:
$69.50. Risk/Reward: $2 7/8 VS. $17 7/8. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$69.50
Risk/Reward:
$2 7/8 VS. $17 7/8
Risk/Reward Ratio:
6:1
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