BUY! INGERSOLL RAND LTD (IR) NYSE

  Report No. 1465    Analysis by: Harry Aloof     FEBRUARY 22, 2002

INGERSOLL RAND LTD (IR-NYSE): Technical Viewpoint: From a low of $39.42 on Jan 23, 2002 prices rallied, reaching a high of $46.00 on Feb 13, 2002. A decline saw prices pull back, reaching a low of $43.50 on Feb 20, 2002. Another rally saw prices penetrate resistance, closing 2/21/02 at $45.85. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Feb 21, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $44.00. Resistance: Is at $47.75. Point & Figure: Reversed to the upside on Feb 21, 2002. A P&F upside reversal takes place at $44.50. Summary: Technical indicators have turned bullish. BUY! INGERSOLL RAND LTD (IR-NYSE) @ $46.25 Stop: Use a protective stop of $43.75. INGERSOLL RAND LTD is currently trading @ $45.85 plus $1.85 on Feb 21, 2002. Price Objective: $61.00. Risk/Reward: $2.50 VS. $14.75. Today's Risk Reward Ratio: 6:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$61.00 Risk/Reward:
$2.50 VS. $14.75 Risk/Reward Ratio:
6:1
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