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SPRINT CP FON GP
(FON-NYSE):
Technical Viewpoint: From a low
of $97 1/4 on Apr 19, 1999 prices
rallied, reaching a
high of $109 7/8
on Apr 26, 1999. A
decline saw prices pull back, reaching a
low of
$101 3/8 on Apr 30, 1999.
Another rally saw prices penetrate
resistance, closing 5/7/99
at $110 1/2. Technicals: Demand Index (DI): A Buy Alert!
was given on May 6, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $105.00. Resistance: Is at $113 1/4.
Point & Figure: Reversed to the upside on May 3, 1999. A P&F upside
reversal takes place at $107.00. Summary: Technical indicators have turned bullish. BUY! SPRINT CP FON GP
(FON-NYSE) @ $110 3/4 Stop: Use a protective stop of $107 7/8.
SPRINT CP FON GP is currently trading @ $110 1/2 plus $3.00 on May 7, 1999. Price Objective:
$131.00. Risk/Reward: $2 7/8 VS. $20 1/4. 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:
$131.00
Risk/Reward:
$2 7/8 VS. $20 1/4
Risk/Reward Ratio:
7:1
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