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EMERSON ELECTRIC CO
(EMR-NYSE):
Technical Viewpoint: From a low
of $65.63 on Aug 31, 2005 prices
rallied, reaching a
high of $68.80
on Sep 8, 2005. A
decline saw prices pull back, reaching a
low of
$66.26 on Sep 15, 2005.
Another rally saw prices penetrate
resistance, closing 9/23/05
at $69.61. Technicals: MACD Index (MACD): A Buy Alert!
was given on Sep 23, 2005 (study not shown) when the solid line crossed the dotted line to the upside.
Support: Remains at $66.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Sep 23, 2005. A P&F upside
reversal takes place at $66.00. Summary: Technical indicators have turned bullish. BUY! EMERSON ELECTRIC CO
(EMR-NYSE) @ $70.13 Stop: Use a protective stop of $67.63.
EMERSON ELECTRIC CO is currently trading @ $69.61 plus $1.85 on Sep 23, 2005. Price Objective:
$82.50. Risk/Reward: $2.50 VS. $12.37. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$82.50
Risk/Reward:
$2.50 VS. $12.37
Risk/Reward Ratio:
5:1
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