ITT EDUCATIONAL SERVICES (ESI-NYSE):
Technical Viewpoint: From a low of $74.57 on Jul 15, 2008 prices rallied, reaching a high of $106.75 on Jul 24, 2008. A decline saw prices pull back, reaching a low of $81.00 on Aug 6, 2008. Another rally saw prices penetrate resistance line "A", closing 8/22/08 at $93.14. Technicals: MACD Index (MACD): A Buy Alert! was given on Aug 23, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $85.00. Resistance: Is at $98.00. Point & Figure: Reversed to the upside on Aug 22, 2008. A P&F downside reversal takes place at $90.00. Summary: Technical indicators have turned bullish. BUY! ITT EDUCATIONAL SERVICES (ESI-NYSE) @ $88.25 Stop: Use a protective stop of $85.50. ITT EDUCATIONAL SERVICES is currently trading @ $93.14 plus $5.82 on Aug 22, 2008. Price Objective: $105.00. Risk/Reward: $2.75 VS. $16.75. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical
Study
Price
Objective:
$105.00
Risk/Reward:
$2.75 VS. $16.75
Risk/Reward
Ratio:
6:1
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