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GLOBAL CROSSING LTD
(GBLX-Nasdaq):
Technical Viewpoint: From a low
of $32 1/2 on Nov 4, 1999 prices
rallied, reaching a
high of $55 3/4
on Dec 21, 2000. A
decline saw prices pull back, reaching a
low of
$ on Jan 14, 1999.
Another rally saw prices penetrate
resistance, closing 1/13/00
at $51 1/4. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Jan 13, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $45.00. Resistance: Is at $52.00.
Point & Figure: Reversed to the upside on Jan 13, 2000. A P&F upside
reversal takes place at $48.00. Summary: Technical indicators have turned bullish. BUY! GLOBAL CROSSING LTD
(GBLX-Nasdaq) @ $51 1/2 Stop: Use a protective stop of $48 5/8.
GLOBAL CROSSING LTD is currently trading @ $51 1/4 plus $4 1/4 on Jan 13, 2000. Price Objective:
$70 1/2. Risk/Reward: $2 7/8 VS. $19.00 . 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:
$70 1/2
Risk/Reward:
$2 7/8 VS. $19.00
Risk/Reward Ratio:
6:1
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