I'm interested in a couple of stocks today. Igate (IGTE), which provides IT and outsourcing services to companies got a big lift in big volume today. It closed up 5% at $17.68. Judging by some of the technical indicators, (MACD, Stochastic), it has a little room left to run. It's trading at the highest it's ever been, so caution is warranted. I like this because after an earnings dive in 2009, analysts expect a rise in EPS this year of 67%.
Another stock that a finished strong today was JDS Uniphase (JDSU). It climbed over 5.5% in strong volume today. It closed at $11.10 today. If it clears $11.50, I think this will make a run to $13.50.
A note of interest:
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Stay cautious and happy trading!
Obligatory disclaimer: This blog is for information only. Past results do not guarantee future performance. All financial decisions involve risk and there are no guarantees. The suggestions above are for informational purposes only and the blogger is not liable for any losses incurred as a result of actual investment activity on the part of the reader.
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