MOTOROLA INC
(MOT-NYSE):
Technical Viewpoint: From a low
of $66.06 on Mar 15, 1999 prices
rallied, reaching a
high of $86.00
on Apr 14, 1999. A
decline saw prices pull back, reaching a
low of
$73 3/4 on Apr 19, 1999.
Another rally saw prices penetrate
resistance, closing 5/3/99
at $81.56. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 22, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $72 1/2. Resistance: Is at $83.00.
Point & Figure: Reversed to the upside on May 3, 1999. A P&F upside
reversal takes place at $77 1/2. Summary: Technical indicators have turned bullish. BUY! MOTOROLA INC
(MOT-NYSE) @ $81 7/8 Stop: Use a protective stop of $79 1/4.
MOTOROLA INC is currently trading @ $81.56 plus $1.56 on May 3, 1999. Price Objective:
$92 1/2. Risk/Reward: $2 5/8 VS. $10 5/8. Today's Risk Reward Ratio: 4:1
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