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PSINET INC
(PSIX-Nasdaq):
Technical Viewpoint: From a low
of $41.00 on Apr 20, 1999 prices
rallied, reaching a
high of $65.00
on Apr 26, 1999. A
decline saw prices pull back, reaching a
low of
$34 3/4 on Jun 14, 1999.
Another rally saw prices penetrate
resistance, closing 7/6/99
at $52.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 29, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $46 1/2. Resistance: Is at $56 1/4.
Point & Figure: Reversed to the upside on Jul 2, 1999. A P&F upside
reversal takes place at $49 1/2. Summary: Technical indicators have turned bullish. BUY! PSINET INC
(PSIX-Nasdaq) @ $54 1/2 Stop: Use a protective stop of $51 5/8.
PSINET INC is currently trading @ $52.94 plus $4 1/8 on Jul 6, 1999. Price Objective:
$79 1/2. Risk/Reward: $2 7/8 VS. $25.00. Today's Risk Reward Ratio: 9:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$79 1/2
Risk/Reward:
$2 7/8 VS. $25.00
Risk/Reward Ratio:
9:1
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