L-3 COMMUNICATIONS HLDGS
(LLL-NYSE):
Technical Viewpoint: From a low
of $52.40 on Mar 16, 2004 prices
rallied, reaching a
high of $62.66
on Apr 7, 2004. A
decline saw prices pull back, reaching a
low of
$59.55 on Apr 21, 2004.
Another rally saw prices penetrate
resistance, closing 5/5/04
at $63.09. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 19, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $61.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 22, 2004. A P&F upside
reversal takes place at $61.50. Summary: Technical indicators have turned bullish. BUY! L-3 COMMUNICATIONS HLDGS
(LLL-NYSE) @ $63.38 Stop: Use a protective stop of $60.88.
L-3 COMMUNICATIONS HLDGS is currently trading @ $63.09 plus $1.64 on May 5, 2004. Price Objective:
$75.00. Risk/Reward: $2.50 VS. $11.62. Today's Risk Reward Ratio: 5:1
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