AMERICA ONLINE INC
(AOL-NYSE):
Technical Viewpoint: From a low
of $67 1/2 on Jan 22, 1999 prices
rallied, reaching a
high of $88 3/4
on Feb 1, 1999. A
decline saw prices pull back, reaching a
low of
$71.00 on Feb 10, 1999.
Another rally saw prices penetrate
resistance, closing 3/8/99
at $90 7/8. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Feb 24, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $85.00. Resistance: Is at $91 7/8.
Point & Figure: Reversed to the upside on Mar 4, 1999. A P&F upside
reversal takes place at $88.00. Summary: Technical indicators have turned bullish. BUY! America Online Inc
(AOL-NYSE) @ $91 1/2 Stop: Use a protective stop of $88 5/8.
America Online Inc is currently trading @ $90 7/8 plus $4.53 on Mar 9, 1999. Price Objective:
$129.00. Risk/Reward: $2 7/8 VS. $37 1/2. Today's Risk Reward Ratio: 13:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$129.00
Risk/Reward:
$2 7/8 VS. $37 1/2
Risk/Reward Ratio:
13:1
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