Harry Aloof
09-09-2008, 04:03 AM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
INTERCONTINENTAL EXCHANGE (ICE-NYSE): Technical Viewpoint: From a low of $80.20 on Jul 11, 2008 prices rallied, reaching a high of $104.99 on Jul 30, 2008. A decline saw prices pull back, reaching a low of $80.76 on Aug 13, 2008. Another rally saw prices penetrate resistance line "A", closing yesterday at $97.72. Technicals: MACD Index (MACD): A Buy Alert! was given on Aug 27, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $90.00. Resistance: Is at $98.49. Point & Figure: Reversed to the upside on Sep 4, 2008. A P&F downside reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! INTERCONTINENTAL EXCHANGE (ICE-NYSE) @ $97.88 Stop: Use a protective stop of $95.13. INTERCONTINENTAL EXCHANGE is currently trading @ $97.72 plus $7.27 on Sep 5, 2008.
Price Objective: $117.00
Risk/Reward: $2.75 VS. $19.12
Today's Risk Reward Ratio: 7:1
http://18004wallstreet.com/images/charts/Chart2323-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
INTERCONTINENTAL EXCHANGE (ICE-NYSE): Technical Viewpoint: From a low of $80.20 on Jul 11, 2008 prices rallied, reaching a high of $104.99 on Jul 30, 2008. A decline saw prices pull back, reaching a low of $80.76 on Aug 13, 2008. Another rally saw prices penetrate resistance line "A", closing yesterday at $97.72. Technicals: MACD Index (MACD): A Buy Alert! was given on Aug 27, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $90.00. Resistance: Is at $98.49. Point & Figure: Reversed to the upside on Sep 4, 2008. A P&F downside reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! INTERCONTINENTAL EXCHANGE (ICE-NYSE) @ $97.88 Stop: Use a protective stop of $95.13. INTERCONTINENTAL EXCHANGE is currently trading @ $97.72 plus $7.27 on Sep 5, 2008.
Price Objective: $117.00
Risk/Reward: $2.75 VS. $19.12
Today's Risk Reward Ratio: 7:1
http://18004wallstreet.com/images/charts/Chart2323-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)