MOTOROLA INC
(MOT-NYSE):
Technical Viewpoint: From a high
of $76.44 on May 7, 1999 prices
declined, reaching a
low of $88 7/8
on May 13, 1999. A
rally saw prices pull back, reaching a
high of
$78 5/8 on May 25, 1999.
Another decline saw prices penetrate
support, closing 6/15/99
at $89.94. Technicals: RSI Index (RSI): A Sell Alert!
was given on Jun 14, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $81 1/2. Resistance: Is at None at current levels.
Point & Figure: Reversed to the downside on Jun 15, 1999. A P&F downside
reversal takes place at $85 1/2. Summary: Technical indicators have turned bearish. SELL! MOTOROLA INC
(MOT-NYSE) @ $90 1/8 Stop: Use a protective stop of $87 1/4.
MOTOROLA INC is currently trading @ $89.94 minus $4.06 on Jun 15, 1999. Price Objective:
$111.00. Risk/Reward: $2 7/8 VS. $20 7/8. Today's Risk Reward Ratio: 18:1
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