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CLEAR CHANNEL COMM INC
(CCU-NYSE):
Technical Viewpoint: From a low
of $36.99 on Oct 30, 2001 prices
rallied, reaching a
high of $49.09
on Nov 15, 2001. A
decline saw prices pull back, reaching a
low of
$44.23 on Nov 29, 2001.
Another rally saw prices penetrate
resistance, closing 12/4/01
at $47.64. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 13, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $46.00. Resistance: Is at $48.75.
Point & Figure: Reversed to the upside on Nov 30, 2001. A P&F upside
reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! CLEAR CHANNEL COMM INC
(CCU-NYSE) @ $47.88 Stop: Use a protective stop of $45.13.
CLEAR CHANNEL COMM INC is currently trading @ $47.64 plus $1.47 on Dec 4, 2001. Price Objective:
$58.00. Risk/Reward: $2.75 VS. $10.13. 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:
$58.00
Risk/Reward:
$2.75 VS. $10.13
Risk/Reward Ratio:
4:1
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