Goodrich (GDP) 11/6/2006

[Harry Aloof]

From Wall Street Trader's Column

GOODRICH CORP (GDP) NYSE
Report No. 2196 Analysis by: Harry Aloof November 6, 2006

GOODRICH CORP (GDP-NYSE): Technical Viewpoint: From a low of $25.21 on Oct 4, 2006 prices rallied, reaching a high of $35.54 on Oct 25, 2006. A decline saw prices pull back, reaching a low of $32.53 on Oct 31, 2006. Another rally saw prices penetrate resistance line "A", closing 11/3/06 at $39.49. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 5, 2006 when the Histogram crossed the "0" line to the upside. Support: Remains at $35.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Oct 6, 2006. A P&F downside reversal takes place at $36.00. Summary: Technical indicators have turned bullish. BUY! GOODRICH CORP (GDP-NYSE) @ $39.75 Stop: Use a protective stop of $37.75. GOODRICH CORP is currently trading @ $39.49 plus $3.98 on Nov 3, 2006.

Price Objective: $48.00.
Risk/Reward: $2.00 VS. $8.25.
Today's Risk Reward Ratio: 4:1