AMERICA ONLINE INC
(AOL-NYSE):
Technical Viewpoint: From a low
of $51.19 on Aug 10, 2000 prices
rallied, reaching a
high of $60.81
on Aug 25, 2000. A
decline saw prices pull back, reaching a
low of
$52.95 on Sep 27, 2000.
Another rally saw prices penetrate
resistance, closing 10/4/00
at $58.65. Technicals: MACD Index (MACD): A Buy Alert!
was given on Oct 4, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $53 1/4. Resistance: Is at $60 3/4.
Point & Figure: Reversed to the upside on Oct 3, 2000. A P&F upside
reversal takes place at $56 1/4. Summary: Technical indicators have turned bullish. BUY! AMERICA ONLINE INC
(AOL-NYSE) @ $59 1/8 Stop: Use a protective stop of $56 3/8.
AMERICA ONLINE INC is currently trading @ $58.65 plus $3.30 on Oct 3, 2000. Price Objective:
$76.00. Risk/Reward: $2 3/4 VS. $16 7/8. Today's Risk Reward Ratio: 6:1
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