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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$57.50
Risk/Reward:
$2.00 VS. $11.25
Risk/Reward Ratio:
6:1
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