NEXTEL Message Board - Msg: 8587607

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Technology Stocks : NEXTEL

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To: Jane4IceCream who wrote (8956)	3/29/1999 2:59:00 PM
From: Anthony Wong	Read Replies (2) of 10227

Wall Street Trader's Column Tech Pick of the Day 2:55 PM Eastern NEXTEL COMMUNICATIONS (NXTL) View the Broker Reports Technical Viewpoint: From a low of $19.94 on Dec 29, 1998 prices rallied, reaching a high of $34.00 on Jan 20, 1999. A decline saw prices pull back, reaching a low of $27.44 on Mar 3, 1999. Another rally saw prices penetrate resistance line "A", closing Friday at $37 7/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Mar 10, 1999 when the Histogram crossed the "0" line to the upside. Support: Remains at $32 1/4. Resistance: None at current levels. Point & Figure: Reversed to the upside on Mar 26, 1999. A P&F downside reversal takes place at $36.00. Summary: Technical indicators have turned bullish. BUY! NEXTEL COMMUN (NXTL-Nasdaq) @ $38 1/2 Stop: Use a protective stop of $35 3/4 Price Objective: $47 Risk/Reward: $2 3/4 VS. $8 1/2 Risk/Reward Ratio: 3:0 View the Technical Charts nordby.com or nordby.com

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