Intercontinental Exchange (ICE) - October 22, 2007

Harry Aloof · 10-23-2007, 12:10 AM

From Wall Street Trader's Column

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

10-23-2007, 12:10 AM	#1
Harry Aloof contributing website Join Date: Oct 2006 Posts: 154	Intercontinental Exchange (ICE) - October 22, 2007 From Wall Street Trader's Column 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

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads	Thread Starter	Forum	Replies	Last Post
Market Commentary for October 30, 2007 from Millennium-Traders.Com	MTdailynews	Millennium-Traders.Com - daily market summary	0	10-30-2007 07:08 PM
OSI Pharmaceuticals (OSIP) - October 29, 2007	Harry Aloof	Wall Street Trader's Column - weekly stock pick	0	10-30-2007 12:40 AM
Market Commentary for October 23, 2007 from Millennium-Traders.Com	MTdailynews	Millennium-Traders.Com - daily market summary	0	10-23-2007 07:17 PM
JDA Software (JDAS) - October 8, 2007	Harry Aloof	Wall Street Trader's Column - weekly stock pick	0	10-09-2007 04:11 AM
Express Scripts (ESRX) - October 1, 2007	Harry Aloof	Wall Street Trader's Column - weekly stock pick	0	10-02-2007 07:57 PM