SPRINT PCS GROUP
(PCS-NYSE):
Technical Viewpoint: From a low
of $21 1/2 on Dec 4, 2000 prices
rallied, reaching a
high of $29 3/8
on Dec 13, 2000. A
decline saw prices pull back, reaching a
low of
$17 5/8 on Jan 2, 2001.
Another rally saw prices penetrate
resistance, closing 1/9/01
at $26 1/4. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jan 5, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $23.00. Resistance: Is at $29 3/8.
Point & Figure: Reversed to the upside on Jan 9, 2001. A P&F upside
reversal takes place at $23.00. Summary: Technical indicators have turned bullish. BUY! SPRINT PCS GROUP
(PCS-NYSE) @ $26 1/2 Stop: Use a protective stop of $24 1/2.
SPRINT PCS GROUP is currently trading @ $26 1/4 plus $1.81 on Jan 9, 2001. Price Objective:
$42.00. Risk/Reward: $2.00 VS. $15 1/2. Today's Risk Reward Ratio: 8:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$42.00
Risk/Reward:
$2.00 VS. $15 1/2
Risk/Reward Ratio:
8:1
|