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INTERCONTINENTAL EXCHANGE
(ICE-NYSE):
Technical Viewpoint: From a low
of $125.68 on Sep 18, 2007 prices
rallied, reaching a
high of $165.49
on Oct 10, 2007. A
decline saw prices pull back, reaching a
low of
$152.86 on Oct 16, 2007.
Another rally saw prices penetrate
resistance, closing 10/19/07
at $163.95. Technicals: MACD Index (MACD): A Buy Alert!
was given on Oct 19, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $154.00. Resistance: Is at $172.27.
Point & Figure: Reversed to the upside on Oct 19, 2007. A P&F upside
reversal takes place at $163.00. Summary: Technical indicators have turned bullish. BUY! INTERCONTINENTAL EXCHANGE
(ICE-NYSE) @ $167.13 Stop: Use a protective stop of $164.38.
INTERCONTINENTAL EXCHANGE is currently trading @ $163.95 plus $2.07 on Oct 19, 2007. Price Objective:
$189.50. Risk/Reward: $2.75 VS. $22.37. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$189.50
Risk/Reward:
$2.75 VS. $22.37
Risk/Reward Ratio:
8:1
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