TYCO INTERNAT'L
(TYC-NYSE):
Technical Viewpoint: From a low
of $90 1/2 on Jun 29, 1999 prices
rallied, reaching a
high of $104 1/2
on Jul 20, 1999. A
decline saw prices pull back, reaching a
low of
$97 1/8 on Jul 26, 1999.
Another rally saw prices penetrate
resistance, closing 8/2/99
at $101.00. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Jul 28, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $98.00. Resistance: Is at $104.00.
Point & Figure: Reversed to the upside on Aug 2, 1999. A P&F upside
reversal takes place at $98.00. Summary: Technical indicators have turned bullish. BUY! TYCO INTERNAT'L
(TYC-NYSE) @ $101 5/8 Stop: Use a protective stop of $98 3/8.
TYCO INTERNAT'L is currently trading @ $101.00 plus $3.31 on Aug 2, 1999. Price Objective:
$129 1/2. Risk/Reward: $3 1/4 VS. $27 7/8. Today's Risk Reward Ratio: 8:1
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