ITT INDUSTRIES INC
(ITT-NYSE):
Technical Viewpoint: From a low
of $92.84 on May 25, 2005 prices
rallied, reaching a
high of $95.84
on Jun 7, 2005. A
decline saw prices pull back, reaching a
low of
$93.29 on Jun 8, 2005.
Another rally saw prices penetrate
resistance, closing 6/17/05
at $97.84. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 17, 2005 when the solid line crossed the dotted line to the upside.
Support: Remains at $94.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 29, 2005. A P&F upside
reversal takes place at $94.00. Summary: Technical indicators have turned bullish. BUY! ITT INDUSTRIES INC
(ITT-NYSE) @ $97.88 Stop: Use a protective stop of $95.15.
ITT INDUSTRIES INC is currently trading @ $97.84 plus $2.68 on Jun 17, 2005. Price Objective:
$109.50. Risk/Reward: $2.75 VS. $11.62. Today's Risk Reward Ratio: 4:1
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