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SPRINT CORP FON GRP
(FON-NYSE):
Technical Viewpoint: From a low
of $20.50 on Feb 21, 2001 prices
rallied, reaching a
high of $23.30
on Feb 27, 2001. A
decline saw prices pull back, reaching a
low of
$20.34 on Mar 14, 2001.
Another rally saw prices penetrate
resistance, closing 3/27/01
at $23.05. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Mar 15, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $20.50. Resistance: Is at $25.50.
Point & Figure: Reversed to the upside on Mar 27, 2001. A P&F upside
reversal takes place at $21.50. Summary: Technical indicators have turned bullish. BUY! SPRINT CORP FON GRP
(FON-NYSE) @ $23.25 Stop: Use a protective stop of $21.25.
SPRINT CORP FON GRP is currently trading @ $23.05 plus $1.32 on Mar 27, 2001. Price Objective:
$32.50. Risk/Reward: $2.00 VS. $9.25. 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:
$32.50
Risk/Reward:
$2.00 VS. $9.25
Risk/Reward Ratio:
4:1
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