AMERICA MOVIL
(AMX-NYSE):
Technical Viewpoint: From a low
of $37.57 on Dec 27, 2004 prices
rallied, reaching a
high of $41.17
on Oct 11, 2004. A
decline saw prices pull back, reaching a
low of
$38.27 on Oct 15, 2004.
Another rally saw prices penetrate
resistance, closing 10/26/04
at $41.50. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 26, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $39.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Sep 7, 2004. A P&F upside
reversal takes place at $38.00. Summary: Technical indicators have turned bullish. BUY! AMERICA MOVIL
(AMX-NYSE) @ $41.75 Stop: Use a protective stop of $39.75.
AMERICA MOVIL is currently trading @ $41.50 plus $2.65 on Oct 26, 2004. Price Objective:
$52.00. Risk/Reward: $2.00 VS. $10.25. Today's Risk Reward Ratio: 5:1
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