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Play of the Day (For Monday)
- ACS INFO -
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Interactive Chart
Sunday, April 29, 2001


ACS - Affiliated Computer Services $71.39 (+6.54)

Sunday's Comment:

ACS is living proof that not every technology-based business is circling the drain. Perhaps ACS is benefiting from the seemingly unlimited resources of the Federal Government, which is an extremely important client of ACS's information technology services. Additionally, traders may be attracted to ACS because of the possibility that the company will announce a split soon. The company's last split occurred in November of 1996 when the stock was trading nearly $14.00 lower than Friday's closing price. ACS established a new intraday high of $72.48 on Friday. This is an encouraging sign that momentum traders are buying the stock in earnest. That said, we would have liked to see volume exceed 600,000 shares (volume came in at 542,000). A good entry point may present itself if ACS can trade above $72.50 on Monday and make this move with first hour volume exceeding 175,000 shares. In the event of a gap up of over $2.50, it might be wise to wait for a potential pullback before getting on board. Please make a note of the fact that we have raised our stop to $64.50 in an attempt to lock in profits.


Picked on April 26th @ $69.13
Change since picked +2.26
Stop Loss $64.50


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