Commentary
Sector Watch


Play of the Day
Current Plays
Watch List
New Plays
Play Updates
Drops


Announcements
Current Split Catalog
New Candidates
Candidates Index
Expected Splits
Splits 101


Play Results
Split Predictions


Ask the Trader
Trading 101
Bookstore
Glossary
Dow Charts
FAQ


Splits
SEC Filings
Coming Economic Events
BoD Meetings
Earnings


Chat Room
Message Boards


Email Newsletter
Author Search
Advertise With Us
Change Password
Contact Us

Play of the Day (For Wednesday)
- SDS INFO -
Quote
 
Profile
News
 
Interactive Chart
Tuesday, May 22, 2001

SDS - SunGard Data Systems $62.65 +0.61 (+1.74)

Tuesday's Comment:

SunGard tacked on $0.61 during Tuesday's session after a Deutsche Bank Alex Brown analyst initiated coverage of the computer service provider with a "buy" rating. Mark D'Annolfo of Duetsche Bank believes that SunGard combines the predictability of a computer services stock with the higher margins of a software company. He also likes the fact that SDS almost dominates its core businesses. We couldn't agree more. Given the ringing endorsement, we would have thought that shares of SDS would have responded more positively. However, the stock only traded 440,000 shares, well shy of its three-month average of 940,000 shares. Going into the later part of this week, we will be watching for volume to move back towards 900,000 shares as SDS tests resistance at $63. Traders interested in initiating new positions in SDS could consider doing so on a break through $63 on volume that puts SDS on pace to do 950,000 shares for the day.


Picked on May 16th @ $62.00
Change since picked +0.65
Stop Loss @ $58.40


Play of the Day Index

 


Copyright 2001 SplitTrader.com

Do not duplicate or redistribute in any form.
Privacy Statement   Disclaimer   Terms Of Service