AOL TIME WARNER
(AOL-NYSE):
Technical Viewpoint: From a low
of $27.40 on Sep 21, 2001 prices
rallied, reaching a
high of $36.48
on Nov 4, 2001. A
decline saw prices pull back, reaching a
low of
$29.39 on Nov 18, 2001.
Another rally saw prices penetrate
resistance, closing 11/6/01
at $35.15. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Nov 2, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $31.50. Resistance: Is at $36.48.
Point & Figure: Reversed to the upside on Nov 1, 2001. A P&F upside
reversal takes place at $32.25. Summary: Technical indicators have turned bullish. BUY! AOL TIME WARNER
(AOL-NYSE) @ $35.25 Stop: Use a protective stop of $32.75.
AOL TIME WARNER is currently trading @ $35.15 plus $1.66 on Nov 6, 2001. Price Objective:
$54.00. Risk/Reward: $2.50 VS. $18.50. Today's Risk Reward Ratio: 7:1
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