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NEXTEL COMMUNICATIONS
(NXTL-Nasdaq):
Technical Viewpoint: From a low
of $27.44 on Mar 3, 1999 prices
rallied, reaching a
high of $42 1/2
on Apr 6, 1999. A
decline saw prices pull back, reaching a
low of
$35 3/8 on Apr 21, 1999.
Another rally saw prices penetrate
resistance, closing 4/27/99
at $41 3/8. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Apr 15, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $36 1/2. Resistance: Is at $42 1/2.
Point & Figure: Reversed to the upside on Apr 23, 1999. A P&F upside
reversal takes place at $39 3/4. Summary: Technical indicators have turned bullish. BUY! NEXTEL COMMUNICATIONS
(NXTL-Nasdaq) @ $42 5/8 Stop: Use a protective stop of $39 3/4.
NEXTEL COMMUNICATIONS is currently trading @ $41 3/8 plus $2 3/8 on Apr 27, 1999. Price Objective:
$57.00. Risk/Reward: $2 7/8 VS. $14 3/8. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$57.00
Risk/Reward:
$2 7/8 VS. $14 3/8
Risk/Reward Ratio:
5:1
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