CLEAR CHANNEL COMMUN
(CCU-NYSE):
Technical Viewpoint: From a low
of $44.23 on Nov 29, 2001 prices
rallied, reaching a
high of $50.88
on Dec 5, 2001. A
decline saw prices pull back, reaching a
low of
$45.15 on Dec 14, 2001.
Another rally saw prices penetrate
resistance, closing 12/27/01
at $49.80. 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 $48.70. Resistance: Is at $50.88.
Point & Figure: Reversed to the upside on Dec 19, 2001. A P&F upside
reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! CLEAR CHANNEL COMMUN
(CCU-NYSE) @ $50.13 Stop: Use a protective stop of $47.63.
CLEAR CHANNEL COMMUN is currently trading @ $49.80 plus $0.80 on Dec 27, 2001. Price Objective:
$60.00. Risk/Reward: $2.50 VS. $9.88. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$60.00
Risk/Reward:
$2.50 VS. $9.88
Risk/Reward Ratio:
7:1
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