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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$61.00
Risk/Reward:
$2.50 VS. $14.75
Risk/Reward Ratio:
6:1
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