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ITT EDUCATIONAL SERVICES
(ESI-NYSE):
Technical Viewpoint: From a low
of $21.00 on Dec 19, 2002 prices
rallied, reaching a
high of $25.09
on Jan 6, 2003. A
decline saw prices pull back, reaching a
low of
$23.19 on Jan 22, 2003.
Another rally saw prices penetrate
resistance, closing 1/23/03
at $26.60. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 23, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $23.25. Resistance: Is at $26.65.
Point & Figure: Reversed to the upside on Jan 23, 2003. A P&F upside
reversal takes place at $24.50. Summary: Technical indicators have turned bullish. BUY! ITT EDUCATIONAL SERVICES
(ESI-NYSE) @ $26.13 Stop: Use a protective stop of $24.13.
ITT EDUCATIONAL SERVICES is currently trading @ $26.60 plus $2.34 on Jan 23, 2003. Price Objective:
$36.00. Risk/Reward: $2.00 VS. $9.88. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$36.00
Risk/Reward:
$2.00 VS. $9.88
Risk/Reward Ratio:
5:1
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