AMERICA ONLINE INC
(AOL-NYSE):
Technical Viewpoint: From a low
of $76.94 on Aug 5, 1999 prices
rallied, reaching a
high of $104 1/2
on Aug 26, 1999. A
decline saw prices pull back, reaching a
low of
$80 1/2 on Sep 21, 1999.
Another rally saw prices penetrate
resistance, closing 10/5/99
at $113 1/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 28, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $105.00. Resistance: Is at $129 1/4.
Point & Figure: Reversed to the upside on Oct 5, 1999. A P&F upside
reversal takes place at $105.00. Summary: Technical indicators have turned bullish. BUY! AMERICA ONLINE INC
(AOL-NYSE) @ $114 1/8 Stop: Use a protective stop of $110 7/8.
AMERICA ONLINE INC is currently trading @ $113 1/4 plus $4 1/8 on Oct 5, 1999. Price Objective:
$152.00. Risk/Reward: $3 1/4 VS. $37 7/8. Today's Risk Reward Ratio: 11:1
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