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Technology Stocks : America On-Line (AOL)

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To: David Petty who wrote (25396)7/10/1999 3:08:00 PM
From: Ed Forrest   of 41369
 
Interesting read:

Wall Street Trader's Column
Tech Pick of the Day
written by Harry Aloof
U.S. Markets Closed
AMERICA ONLINE (AOL)
Technical Viewpoint: From a low of $89 1/2 on June 14, 1999 prices rallied, reaching a high of $116 5/8 on June 22, 1999. A decline saw prices pull back, reaching a low of $98.00 on June 28, 1999. Another rally saw prices penetrate resistance line "A", closing yesterday at $127 5/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on July 8, 1999 when the Histogram crossed the “0” line to the upside. Support: Remains at $114.00.
Resistance: Is at $138.00. Point & Figure: Reversed to the upside on June 30, 1999. A P&F downside reversal takes place at $120.00 Summary: Technical indicators have turned bullish. BUY! AMERICA ONLINE (AOL-NYSE) @ $129 1/8 Stop: Use a protective stop of $125 7/8.
Price Objective: $168
Risk/Reward: $3 1/4 VS. $38 7/8
Risk/Reward Ratio: 12:1
View the Technical Charts

Ed
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