J2 GLOBAL COMMUNICATIONS
(JCOM-Nasdaq):
Technical Viewpoint: From a low
of $26.78 on May 8, 2003 prices
rallied, reaching a
high of $38.89
on May 28, 2003. A
decline saw prices pull back, reaching a
low of
$31.94 on Jun 9, 2003.
Another rally saw prices penetrate
resistance, closing 6/19/03
at $38.20. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 14, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $33.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 19, 2003. A P&F upside
reversal takes place at $36.75. Summary: Technical indicators have turned bullish. BUY! J2 Global Communications
(JCOM-Nasdaq) @ $39.38 Stop: Use a protective stop of $37.38.
J2 Global Communications is currently trading @ $38.20 plus $4.30 on Jun 19, 2003. Price Objective:
$48.00. Risk/Reward: $2.00 VS. $8.63. Today's Risk Reward Ratio: 4:1
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