AMERICA ONLINE INC
(AOL-NYSE):
Technical Viewpoint: From a low
of $80 1/2 on Sep 21, 1999 prices
rallied, reaching a
high of $124 1/8
on Oct 7, 1999. A
decline saw prices pull back, reaching a
low of
$105 1/8 on Oct 18, 1999.
Another rally saw prices penetrate
resistance, closing 11/16/99
at $159 3/4. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Oct 29, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $135.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 15, 1999. A P&F upside
reversal takes place at $150.00. Summary: Technical indicators have turned bullish. BUY! AMERICA ONLINE INC
(AOL-NYSE) @ $159 7/8 Stop: Use a protective stop of $156 3/4.
AMERICA ONLINE INC is currently trading @ $159 3/4 plus $9 7/8 on Nov 16, 1999. Price Objective:
$202.00. Risk/Reward: $3 1/8 VS. $42 1/8. Today's Risk Reward Ratio: 13:1
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