Harry Aloof
04-23-2007, 04:40 PM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
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 line "A", 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 downside 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
http://18004wallstreet.com/images/charts/Chart2141-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
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 line "A", 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 downside 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
http://18004wallstreet.com/images/charts/Chart2141-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)