AMERICA ONLINE
(AOL-NYSE):
Technical Viewpoint: From a low
of $135.00 on Jan 22, 1999 prices
rallied, reaching a
high of $177 1/2
on Feb 1, 1999. A
decline saw prices pull back, reaching a
low of
$142.00 on Feb 10, 1999.
Another rally saw prices penetrate
resistance, closing 2/22/99
at $173.00. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Feb 11, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $154.00. Resistance: Is at $177 1/2.
Point & Figure: Reversed to the upside on Feb 22, 1999. A P&F upside
reversal takes place at $162.00. Summary: Technical indicators have turned bullish. BUY! AMERICA ONLINE
(AOL-NYSE) @ $173 1/2 Stop: Use a protective stop of $169 3/4.
AMERICA ONLINE is currently trading @ $173.00 plus $12 5/8 on Feb 23, 1999. Price Objective:
$258.00. Risk/Reward: $3 3/4 VS. $84 1/2. Today's Risk Reward Ratio: 22:1
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