MOTOROLA INC
(MOT-NYSE):
Technical Viewpoint: From a low
of $86 3/8 on Aug 19, 1999 prices
rallied, reaching a
high of $101 1/2
on Sep 7, 1999. A
decline saw prices pull back, reaching a
low of
$82.00 on Sep 24, 1999.
Another rally saw prices penetrate
resistance, closing 10/11/99
at $96 5/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 8, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $92.00. Resistance: Is at $100 1/2.
Point & Figure: Reversed to the upside on Sep 27, 1999. A P&F upside
reversal takes place at $91 1/2. Summary: Technical indicators have turned bullish. BUY! MOTOROLA INC
(MOT-NYSE) @ $97 1/8 Stop: Use a protective stop of $94 1/4.
MOTOROLA INC is currently trading @ $96 5/8 plus $3 5/8 on Oct 11, 1999. Price Objective:
$106.00. Risk/Reward: $2 7/8 VS. $8 7/8. Today's Risk Reward Ratio: 3:1
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