JOHNSON CONTROLS INC
(JCI-NYSE):
Technical Viewpoint: From a low
of $93.72 on Mar 28, 2007 prices
rallied, reaching a
high of $97.85
on Apr 9, 2007. A
decline saw prices pull back, reaching a
low of
$94.04 on Apr 12, 2007.
Another rally saw prices penetrate
resistance, closing 4/20/07
at $102.35. Technicals: MACD Index (MACD): A Buy Alert!
was given on Apr 20, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $96.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 22, 2007. A P&F upside
reversal takes place at $99.00. Summary: Technical indicators have turned bullish. BUY! JOHNSON CONTROLS INC
(JCI-NYSE) @ $103.50 Stop: Use a protective stop of $100.75.
JOHNSON CONTROLS INC is currently trading @ $102.35 plus $4.75 on Apr 20, 2007. Price Objective:
$125.00. Risk/Reward: $2.75 VS. $21.50. Today's Risk Reward Ratio: 8:1
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