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WORLDCOM INC
(WCOM-Nasdaq):
Technical Viewpoint: From a low
of $15.13 on Mar 1, 2001 prices
rallied, reaching a
high of $17.94
on Mar 7, 2001. A
decline saw prices pull back, reaching a
low of
$15.00 on Mar 13, 2001.
Another rally saw prices penetrate
resistance, closing 3/19/01
at $18.38. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 14, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $15.00. Resistance: Is at $21.50.
Point & Figure: Reversed to the upside on Mar 14, 2001. A P&F upside
reversal takes place at $17.00. Summary: Technical indicators have turned bullish. BUY! WORLDCOM INC
(WCOM-Nasdaq) @ $18.62 Stop: Use a protective stop of $17.12.
WORLDCOM INC is currently trading @ $18.38 plus $.94 on Mar 19, 2001. Price Objective:
$25.50. Risk/Reward: $1.50 VS. $6.88. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$25.50
Risk/Reward:
$1.50 VS. $6.88
Risk/Reward Ratio:
4:1
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