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LEVEL 3 COMMUNICATIONS
(LVLT-Nasdaq):
Technical Viewpoint: From a low
of $59 1/8 on Mar 24, 1999 prices
rallied, reaching a
high of $100 1/8
on Apr 13, 1999. A
decline saw prices pull back, reaching a
low of
$75.00 on Apr 19, 1999.
Another rally saw prices penetrate
resistance, closing 4/30/99
at $90.06. Technicals: RSI Index (RSI): A Buy Alert!
was given on Apr 29, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $81 1/4. Resistance: Is at $92 1/8.
Point & Figure: Reversed to the upside on Apr 30, 1999. A P&F upside
reversal takes place at $84.00. Summary: Technical indicators have turned bullish. BUY! LEVEL 3 COMMUNICATIONS
(LVLT-Nasdaq) @ $90 7/8 Stop: Use a protective stop of $88 1/8.
LEVEL 3 COMMUNICATIONS is currently trading @ $90.06 plus $5.06 on May 3, 1999. Price Objective:
$112.00. Risk/Reward: $2 3/4 VS. $9 1/4. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$112.00
Risk/Reward:
$2 3/4 VS. $9 1/4
Risk/Reward Ratio:
3:1
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