LEVEL 3 COMMUNICATIONS
(LVLT-Nasdaq):
Technical Viewpoint: From a low
of $72 1/2 on Jan 7, 2000 prices
rallied, reaching a
high of $126 5/8
on Feb 8, 2000. A
decline saw prices pull back, reaching a
low of
$103 1/2 on Feb 22, 2000.
Another rally saw prices penetrate
resistance, closing 2/24/00
at $118 1/4. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Feb 23, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $110.00. Resistance: Is at $126.00.
Point & Figure: Reversed to the upside on Feb 24, 2000. A P&F upside
reversal takes place at $108.00. Summary: Technical indicators have turned bullish. BUY! LEVEL 3 COMMUNICATIONS
(LVLT-Nasdaq) @ $119 1/8 Stop: Use a protective stop of $115 7/8.
LEVEL 3 COMMUNICATIONS is currently trading @ $118 1/4 plus $9.31 on Feb 24, 2000. Price Objective:
$154.00. Risk/Reward: $3 1/4 VS. $34 7/8. Today's Risk Reward Ratio: 11:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$154.00
Risk/Reward:
$3 1/4 VS. $34 7/8
Risk/Reward Ratio:
11:1
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