ESTERLINE TECHNOLOGY CP (ESL)NYSE
  Report No. 106    Analysis by: Harry Aloof     SEPTEMBER 1, 2008

ESTERLINE TECHNOLOGY CP (ESL-NYSE): Technical Viewpoint: From a low of $47.02 on Aug 5, 2008 prices rallied, reaching a high of $53.94 on Aug 15, 2008. A decline saw prices pull back, reaching a low of $49.78 on Aug 21, 2008. Another rally saw prices penetrate resistance line "A", closing 8/29/08 at $56.49. Technicals: MACD Index (MACD): A Buy Alert! was given on Aug 30, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $50.00. Resistance: Is at $59.56. Point & Figure: Reversed to the upside on Aug 28, 2008. A P&F downside reversal takes place at $54.00. Summary: Technical indicators have turned bullish. BUY! ESTERLINE TECHNOLOGY CP (ESL-NYSE) @ $57.13 Stop: Use a protective stop of $54.63. ESTERLINE TECHNOLOGY CP is currently trading @ $56.49 plus $3.10 on Aug 29, 2008. Price Objective: $67.50. Risk/Reward: $2.50 VS. $10.37. Today's Risk Reward Ratio: 4:1
                          

Three Part
Technical Chart

Daily Candle Stick Chart
Point & Figure Chart
Technical Study

Price Objective:
$67.50
Risk/Reward:
$2.50 VS. $10.37
Risk/Reward Ratio:
4:1

 

 

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