LEVEL 3 COMMUNICATIONS
(LVLT-Nasdaq):
Technical Viewpoint: From a low
of $29 1/4 on Jan 3, 2001 prices
rallied, reaching a
high of $50.06
on Jan 17, 2001. A
decline saw prices pull back, reaching a
low of
$41.94 on Jan 19, 2001.
Another rally saw prices penetrate
resistance, closing 1/24/01
at $49.69. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 10, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $42 1/2. Resistance: Is at $52 1/2.
Point & Figure: Reversed to the upside on Jan 22, 2001. A P&F upside
reversal takes place at $46 1/4. Summary: Technical indicators have turned bullish. BUY! LEVEL 3 COMMUNICATIONS
(LVLT-Nasdaq) @ $50 1/8 Stop: Use a protective stop of $47 1/2.
LEVEL 3 COMMUNICATIONS is currently trading @ $49.69 plus $3.31 on Jan 24, 2001. Price Objective:
$72.00. Risk/Reward: $2 5/8 VS. $21 7/8. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$72.00
Risk/Reward:
$2 5/8 VS. $21 7/8
Risk/Reward Ratio:
8:1
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