Harry Aloof
07-31-2007, 05:59 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)
IDEARC INC (IAR-NYSE): Technical Viewpoint: From a low of $34.40 on Jun 29, 2007 prices rallied, reaching a high of $37.25 on Jul 16, 2007. A decline saw prices pull back, reaching a low of $35.64 on Jul 19, 2007. Another rally saw prices penetrate resistance, closing 7/20/07 at $36.94. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 5, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $35.00. Resistance: Is at $37.25. Point & Figure: Reversed to the upside on Jul 16, 2007. A P&F upside reversal takes place at $35.00. Summary: Technical indicators have turned bullish. BUY! IDEARC INC (IAR-NYSE) @ $37.13 Stop: Use a protective stop of $35.13. IDEARC INC is currently trading @ $36.94 plus $0.86 on Jul 20, 2007.
Price Objective: $44.50
Risk/Reward: $2.00 VS. $7.38
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2169-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)
IDEARC INC (IAR-NYSE): Technical Viewpoint: From a low of $34.40 on Jun 29, 2007 prices rallied, reaching a high of $37.25 on Jul 16, 2007. A decline saw prices pull back, reaching a low of $35.64 on Jul 19, 2007. Another rally saw prices penetrate resistance, closing 7/20/07 at $36.94. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 5, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $35.00. Resistance: Is at $37.25. Point & Figure: Reversed to the upside on Jul 16, 2007. A P&F upside reversal takes place at $35.00. Summary: Technical indicators have turned bullish. BUY! IDEARC INC (IAR-NYSE) @ $37.13 Stop: Use a protective stop of $35.13. IDEARC INC is currently trading @ $36.94 plus $0.86 on Jul 20, 2007.
Price Objective: $44.50
Risk/Reward: $2.00 VS. $7.38
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2169-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)