Telvent Could Run Higher

by Sam Collins   06/30/09
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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.

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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.

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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.

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