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CONSOLIDATED EDISON INC
(ED-NYSE):
Technical Viewpoint: From a low
of $41.17 on May 17, 2006 prices
rallied, reaching a
high of $45.00
on Jun 12, 2006. A
decline saw prices pull back, reaching a
low of
$43.05 on Jun 22, 2006.
Another rally saw prices penetrate
resistance, closing 7/7/06
at $45.10. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 4, 2006 when the Histogram crossed the "0" line to the upside.
Support: Remains at $42.00. Resistance: Is at $45.40.
Point & Figure: Reversed to the upside on Jun 12, 2006. A P&F upside
reversal takes place at $42.00. Summary: Technical indicators have turned bullish. BUY! CONSOLIDATED EDISON INC
(ED-NYSE) @ $45.38 Stop: Use a protective stop of $43.38.
CONSOLIDATED EDISON INC is currently trading @ $45.10 plus $0.65 on Jul 7, 2006. Price Objective:
$55.50. Risk/Reward: $2.00 VS. $10.12. 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:
$55.50
Risk/Reward:
$2.00 VS. $10.12
Risk/Reward Ratio:
5:1
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