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SBC COMMUNICATIONS
(SBC-NYSE):
Technical Viewpoint: From a low
of $34 3/4 on Feb 23, 2000 prices
rallied, reaching a
high of $46.44
on Mar 17, 2000. A
decline saw prices pull back, reaching a
low of
$41.56 on Mar 30, 2000.
Another rally saw prices penetrate
resistance, closing 4/4/00
at $46.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 7, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $42.00. Resistance: Is at $44 5/8.
Point & Figure: Reversed to the upside on Apr 3, 2000. A P&F upside
reversal takes place at $44 1/4. Summary: Technical indicators have turned bullish. BUY! SBC COMMUNICATIONS
(SBC-NYSE) @ $47 1/4 Stop: Use a protective stop of $44 5/8.
SBC COMMUNICATIONS is currently trading @ $46.00 plus $1.25 on Apr 4, 2000. Price Objective:
$66 3/4. Risk/Reward: $2 5/8 VS. $19 1/2. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$66 3/4
Risk/Reward:
$2 5/8 VS. $19 1/2
Risk/Reward Ratio:
7:1
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