PHONE.COM INC
(PHCM-Nasdaq):
Technical Viewpoint: From a low
of $70 1/4 on Jul 28, 2000 prices
rallied, reaching a
high of $103 1/2
on Aug 10, 2000. A
decline saw prices pull back, reaching a
low of
$80 1/2 on Aug 17, 2000.
Another rally saw prices penetrate
resistance, closing 8/21/00
at $89.31. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 21, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $82 1/2. Resistance: Is at $91 3/4.
Point & Figure: Reversed to the upside on Aug 18, 2000. A P&F upside
reversal takes place at $84.00. Summary: Technical indicators have turned bullish. BUY! PHONE.COM INC
(PHCM-Nasdaq) @ $89 1/2 Stop: Use a protective stop of $86 1/2.
PHONE.COM INC is currently trading @ $89.31 plus $3 3/4 on Aug 21, 2000. Price Objective:
$110.00. Risk/Reward: $3.00 VS. $20 1/2. Today's Risk Reward Ratio: 7:1
|
Click here to view full size chart
|