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| AT - Alltel Corp. | Week Ended: 12/16/00 |
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| Price |
64.44 |
P/E Ratio |
10 |
52 Week High |
90.44 |
| Last Week |
- 0.13 |
Earnings Date |
1/24/2001 |
52 Week Low |
47.75 |
| Picked At |
64.75 |
Date Picked |
12/14/00 |
Sector |
Services |
| Activity |
| Current |
64.44 |
Open |
64.75 |
Change |
-5/16 |
| Low |
63.56 |
High |
65.63 |
Volume |
1,536,300 |
ZACKS | NEWS | PROFILE | HISTORICAL PRICES | OPTIONS | D-CHART |
| Company Description AT Corporation is an information technology company that provides wireline and wireless communications and information services, including local, long distance, network access & Internet services, paging and information processing services. For the 9 months ended 9/00, revenues rose 8% to $5.22B. Net income applic. to Common totalled $1.70B, up from $549.5M. Results reflect increased wireless revenues and a $1.81B gain on disposal of assets.
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| Play Description December 14, 2000
Regional telecom Alltel is on the verge of completing a powerful technical pattern, the cup and handle. A solid break above the $65.00 resistance, accompanied by volume of over one million shares, could result in a very nice bullish move. If this break does occur, the stock should find some resistance at $69-$70, followed by the all time high of $88.94. There is a short term up trend line that should provide support at $62.00. Yesterday's low of $63.56 should provide the first level of support. The MACD is confirming the upside potential of this play because it just turned positive this week. The OBV and Money Flow are both off their highs but are starting to move back up. The RSI is indicating that there is still more upside to this stock before it becomes overbought. Our exit will most likely be dependent upon our stop strategy.
Picked on December 14th @ $64.75
Change since picked +0.00
Stopp Loss @ $61.00
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