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PLAY > New Plays Thursday, June 14, 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

EPIQ - EPIQ Systems $35.10 -0.97 (+2.80)

With the economy (supposedly) circling the drain and more companies going out of business, EPIQ has been in the catbird seat. This is because their software products help facilitate bankruptcies. Needless to say, business has been booming lately. Turning to the chart, EPIQ has been making new highs all year in a step-like fashion. On Wednesday, shares of EPIQ broke out of a month long base on higher than average volume. Although the stock pulled back today, we feel that it is still poised to go higher. Resistance has come in at $36.94 and support should show up at the $33.50-level (the top of the previous base). Traders interested in getting a piece of the bankruptcy pie could look to get into EPIQ on a break above $36.94 on volume of at least 130,000 shares traded for the session. Our initial stop has been set at $31.00 to limit downside risk.


Picked On June 14th @ $35.10
Change Since Picked 0.00
Stop Loss @ $31.00
 
Interactive Chart Quote News First Call on EPIQ
 

New Momentum Plays

None

New Plays Index

 


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