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* Today's Sector Analysis: "Real Estate " Institutional Technical Viewpoint
Buy Alert!
Lincare Holdings Inc
(LNCR):
$49.50 Stop. $47.50 P-Stop $59.50 P-Objective
Dow Jones Ind: 10,211.07 Jun 11, 2010 * Price Objective: 9,450
Volume Two No. 2376
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INTERCONTINENTAL EXCHANGE
(ICE-NYSE):
Technical Viewpoint: From a low
of $107.93 on May 21, 2010 prices
rallied, reaching a
high of $122.49
on Jun 3, 2010. A
decline saw prices pull back, reaching a
low of
$113.50 on Jun 8, 2010.
Another rally saw prices penetrate
resistance, closing 6/11/10
at $123.41. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 13, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $118.00. Resistance: Is at $125.00.
Point & Figure: Reversed to the upside on Jun 9, 2010. A P&F upside
reversal takes place at $121.00. Summary: Technical indicators have turned bullish. BUY! Intercontinental Exchange
(ICE-NYSE) @ $123.50 Stop: Use a protective stop of $120.75.
Intercontinental Exchange is currently trading @ $123.41 plus $4.44 on Jun 11, 2010. Price Objective:
$139.50. Risk/Reward: $2.75 VS. $18.75. Today's Risk Reward Ratio: 7:1
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DISCLAIMER: This report is not intended as an offering or a solicitation of an offer to buy or sell the securities and futures mentioned. While all information is derived from sources we deem reliable, we do not represent that it is accurate or complete. Such information and the opinions expressed are subject to change without notice. WALL STREET TRADER'S COLUMN, its officers, stockholders, and employees and their families may have a long or short position in or may at any given time purchase or sell the securities or options relating thereto <
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