VIACOM INC NON-VOT B
(VIA.B-NYSE):
Technical Viewpoint: From a low
of $39.00 on Apr 4, 2001 prices
rallied, reaching a
high of $54.85
on Apr 20, 2001. A
decline saw prices pull back, reaching a
low of
$50.00 on Apr 25, 2001.
Another rally saw prices penetrate
resistance, closing 5/11/01
at $54.55. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 18, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $52.00. Resistance: Is at $54.50.
Point & Figure: Reversed to the upside on May 10, 2001. A P&F upside
reversal takes place at $53.00. Summary: Technical indicators have turned bullish. BUY! VIACOM INC NON-VOT B
(VIA.B-NYSE) @ $54.62 Stop: Use a protective stop of $51.87.
VIACOM INC NON-VOT B is currently trading @ $54.55 plus $.70 on May 12, 2001. Price Objective:
$65.00. Risk/Reward: $2.75 VS. $10.38. Today's Risk Reward Ratio: 4:1
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