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TALX - TALX Corp.Week Ended: 1/20/01
Price 37.94 P/E Ratio 73.03 52 Week High 42.13
Last Week + 9.31 Earnings Date 1/17/01 52 Week Low 11.13
Picked At 38.00 Date Picked 12/17/00 Sector Technology
Current 37.94 Open 41.50 Change -2 13/16
Low 37.38 High 41.75 Volume 244,300

Company Description

TALX Corp. provides employee self-service solutions using interactive Web, interactive voice response, computer telephony integration software and services to government agencies & Fortune 1000 companies. For the 6 months ended 9/00, revenues increased 20% to $20.3M. Net income from cont. ops. rose 63% to $2M. Results reflect increased number of employment records and related transaction volumes, increased margins, and higher interest income.

Play Description

December 17, 2000

The TALX Corporation (TALX) is an application service provider (ASP) that designs and implements interactive communications solutions for human resources, payroll, and employee benefits. All of the company's services are delivered through the TALX ASP Center and use leading edge technologies such as interactive web and interactive voice response systems. Such technologies have kept the company ahead of the competition and has kept their stock price soaring. On November 11th, shareholders authorized the company's first stock split. The 3:2 split will be authorized for shareholders of record on December 8th, with a payable date of January 19, 2001. Even more exciting, shares may have just signaled that they're ready for additional gains by breaking out to new highs on Friday. This week's advance, which broke above a two-week consolidation range, came on strong volume (110 thousand shares traded) and made a new closing high at $38. We'll look for $38.25 (intraday high) to present our initial opposition. As far as support for the stock goes, the previous high of $33.81 should help to bolster support at $34. We are placing our stop just below support at $33.25, to protect against a meltdown. Look for buying opportunities if good volume (100 thousand shares or more) follows a sharp bounce from support or an advance through resistance.

Picked on December 17th @ $38.00
Change since picked 0.00
Stop Loss @ $33.25


January 16, 2000

Kudos for a profitable run! Because of tomorrow’s earnings announcement, we closed out of TALX today with a 24% gain. The impetus behind our profitable run was likely the result of TALX’s strong position in the ASP market. Furthermore, TALX’s ability to generate strong growth in a tough market environment has continued to keep momentum player coming back for more. We’ll keep you posted on future plays as they develop.

Picked on December 17th @ $38.00
Profit/Loss = + 9.25 (+24%) (Stopped Tuesday @ $47.25)
Best Profit = +11.00 (+29%)

January 14, 2001

Shares of the interactive voice response provider, TALX, continued to trend sharply higher on Friday, rallying 6.31 points or 14.85% to a new all time high of $49! The breakout began at the start of the session, as shares gapped sharply higher at the open and managed to sustain a steady advance for the duration of the day. Volume also edged higher to 234,300 shares traded, confirming the breakout and the potential for additional gains. The strength of the breakout was also confirmed by the fact that it took out tough resistance at the $45 mark. Looking ahead, we’ll now expect the next challenge to arrive at the half-century mark ($50), followed by harder opposition at the $55 mark. Keep in mind that volume will likely need to stay near present levels or at least above 100,000 shares traded in order for TALX to reach either of these levels. With that said, look for exit points should the stock ascend higher on weak buying or bounce sharply lower off of either of these resistance levels. As for support, we can now expect previous resistance at the $45 mark to hold our initial base. Secondary support should follow at yesterday’s high of $43.38. We recommend placing stops just below this level at $43 to protect our gains. We’ll use hard reversals from support to mark additional entry points when good mid-day volume of 50,000 can accompany the bounce. Plan your exit strategies ahead of the earnings announcement, which is scheduled at the end of trading on Tuesday.

Picked on December 17th @ $38.00
Change since picked +10.81
Stop Loss @ $43.00


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