BUY! ESTERLINE TECHNOLOGY (ESL) NYSE

  Report No. 2165    Analysis by: Harry Aloof     APRIL 10, 2006

ESTERLINE TECHNOLOGY (ESL-NYSE): Technical Viewpoint: From a low of $38.70 on Mar 8, 2006 prices rallied, reaching a high of $43.69 on Mar 29, 2006. A decline saw prices pull back, reaching a low of $41.30 on Apr 4, 2006. Another rally saw prices penetrate resistance, closing 4/7/06 at $45.47. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Mar 27, 2006 when the Histogram crossed the "0" line to the upside. Support: Remains at $43.75. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Mar 27, 2006. A P&F upside reversal takes place at $40.00. Summary: Technical indicators have turned bullish. BUY! ESTERLINE TECHNOLOGY (ESL-NYSE) @ $46.25 Stop: Use a protective stop of $44.25. ESTERLINE TECHNOLOGY is currently trading @ $45.47 plus $3.64 on Apr 7, 2006. Price Objective: $57.50. Risk/Reward: $2.00 VS. $11.25. 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:
$57.50 Risk/Reward:
$2.00 VS. $11.25 Risk/Reward Ratio:
6:1
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