Idearc (IAR) 7/23/07

[Harry Aloof]

From Wall Street Trader's Column

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