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PLAY > New Plays Thursday, April 26, 2001
New Split Plays   New Candidate Plays   New Momentum Plays
(We update our stop losses daily at the CURRENT PLAYS page.)

New Split Plays

None

New Candidate Plays

ACS - Affiliated Computer Services $69.34 +0.16 (+4.49)

It is hard to believe that there is a stock out there with "computer" in its name that is driving to new highs. Nevertheless, ACS which provides numerous information technology services to the commercial sector as well as the Federal Government is enjoying an excellent share price rally. ACS has been on a tear since it announced solid profits of $0.64 a share last Friday. The 27% increase in earnings over the same quarter a year ago exceeded analysts estimates by 3 pennies. The company also assured investors that it will meet or exceed current estimates of $2.45 for the whole year, which ends June 30th. The solid prospects for ACS inspired JP Morgan to raise its rating to "Buy" from "Long Term Buy". The technical picture for ACS is solid. Last week, ACS found support at its 50-DMA just above $64.00 and has been moving nicely higher this week. The MACD is in positive territory and is also moving higher. Although the Money Flow is strong, it is trading sideways, the OBV is recovering nicely from its lows. A good entry point may provide itself tomorrow if ACS can trade above $70.75 accompanied by midday volume over 250,000 shares.


Picked on April 26th @ $69.13
Change since picked +0.00
Stop Loss $64.50
 
Interactive Chart Quote News First Call on ACS
 

New Momentum Plays

None

New Plays Index

 


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