Harry Aloof
10-23-2007, 12:10 AM
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)
INTERCONTINENTAL EXCHANGE (ICE-NYSE): Technical Viewpoint: From a low of $125.68 on Sep 18, 2007 prices rallied, reaching a high of $165.49 on Oct 10, 2007. A decline saw prices pull back, reaching a low of $152.86 on Oct 16, 2007. Another rally saw prices penetrate resistance line "A", closing 10/19/07 at $163.95. Technicals: MACD Index (MACD): A Buy Alert! was given on Oct 19, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $154.00. Resistance: Is at $172.27. Point & Figure: Reversed to the upside on Oct 19, 2007. A P&F downside reversal takes place at $163.00. Summary: Technical indicators have turned bullish. BUY! INTERCONTINENTAL EXCHANGE (ICE-NYSE) @ $167.13 Stop: Use a protective stop of $164.38. INTERCONTINENTAL EXCHANGE is currently trading @ $163.95 plus $2.07 on Oct 19, 2007.
Price Objective: $189.50
Risk/Reward: $2.75 VS. $22.37
Today's Risk Reward Ratio: 8:1
http://18004wallstreet.com/images/charts/Chart2202-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)
INTERCONTINENTAL EXCHANGE (ICE-NYSE): Technical Viewpoint: From a low of $125.68 on Sep 18, 2007 prices rallied, reaching a high of $165.49 on Oct 10, 2007. A decline saw prices pull back, reaching a low of $152.86 on Oct 16, 2007. Another rally saw prices penetrate resistance line "A", closing 10/19/07 at $163.95. Technicals: MACD Index (MACD): A Buy Alert! was given on Oct 19, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $154.00. Resistance: Is at $172.27. Point & Figure: Reversed to the upside on Oct 19, 2007. A P&F downside reversal takes place at $163.00. Summary: Technical indicators have turned bullish. BUY! INTERCONTINENTAL EXCHANGE (ICE-NYSE) @ $167.13 Stop: Use a protective stop of $164.38. INTERCONTINENTAL EXCHANGE is currently trading @ $163.95 plus $2.07 on Oct 19, 2007.
Price Objective: $189.50
Risk/Reward: $2.75 VS. $22.37
Today's Risk Reward Ratio: 8:1
http://18004wallstreet.com/images/charts/Chart2202-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)