Telvent Could Run Higher
by Sam Collins 06/30/09
Telvent (TLVT) -- This computer services company, which provides software solutions to energy companies, has already risen from under $7 last October to $22. But it is in the soft spot of solutions to meet federal energy regulation.
More Trader Alerts
The stock has broken through its long-term bearish resistance line at $14, executed a gold cross, and picked up volume.
Its next hurdle is at the triple-top at $26, and if it can close above that line the stock could run to much higher levels.
Get Sam Collins' Daily Trader's Alert e-mailed to you each morning before the opening bell absolutely FREE!
In addition to getting instant access to his Trade of the Day, you'll also receive his Daily Market Outlook in the same e-mail so you can start your day off right by positioning yourself for profits!
Sign up today for Sam's FREE Daily Trader's Alert!
Sam Collins is a registered, fee-based portfolio manager who may be contacted at samailc@cox.net. You can also check out an archive of some of his most recent market outlooks.
More By This Expert
U.S. Stocks or Emerging Markets?
Which is the better place to have your money now? Find out here.
The market correction caused a pullback in JB Hunt Transport Services (JBHT) after the last time we recommended the stock, but it may be time for another try.
2 Things Investors Don't Want to See Happen
If the S&P 500 fails to make a new high, it could create a double-top, which will probably have one of two negative outcomes.
While a correction could occur, the odds favor a big move up in the ProShares Ultra Russell2000 Value ETF (UVT).
Don't Get Burned by the Market
Investors who try to anticipate the market's next move may get burned. Your best course of action here is to be patient.
