SPRINT CORP PCS GP
(PCS-NYSE):
Technical Viewpoint: From a low
of $24.00 on Jan 13, 1999 prices
rallied, reaching a
high of $34 1/2
on Jan 27, 1999. A
decline saw prices pull back, reaching a
low of
$27 7/8 on Feb 3, 1999.
Another rally saw prices penetrate
resistance, closing 2/9/99
at $32.94. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Feb 8, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $29 1/2. Resistance: Is at $34 1/2.
Point & Figure: Reversed to the upside on Feb 8, 1999. A P&F upside
reversal takes place at $30 3/4. Summary: Technical indicators have turned bullish. BUY! SPRINT CORP PCS GP
(PCS-NYSE) @ $33 3/4 Stop: Use a protective stop of $31 7/8.
SPRINT CORP PCS GP is currently trading @ $32.94 plus $.81 on Feb 9, 1999. Price Objective:
$48.00. Risk/Reward: $1 7/8 VS. $14 1/4. Today's Risk Reward Ratio: 7:1
|
Click here to view full size chart
|