ESTERLINE TECHNOLOGY
(ESI-NYSE):
Technical Viewpoint: From a low
of $30.43 on Oct 22, 2004 prices
rallied, reaching a
high of $35.27
on Nov 10, 2004. A
decline saw prices pull back, reaching a
low of
$32.10 on Nov 18, 2004.
Another rally saw prices penetrate
resistance, closing 11/19/04
at $34.15. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 1, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $31.88. Resistance: Is at $34.88.
Point & Figure: Reversed to the upside on Oct 29, 2004. A P&F upside
reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! ESTERLINE TECHNOLOGY
(ESI-NYSE) @ $34.25 Stop: Use a protective stop of $32.25.
ESTERLINE TECHNOLOGY is currently trading @ $34.15 plus $1.78 on Nov 19, 2004. Price Objective:
$48.00. Risk/Reward: $2.00 VS. $13.75. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$48.00
Risk/Reward:
$2.00 VS. $13.75
Risk/Reward Ratio:
7:1
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