Archive for March, 2010

Infosys Tech (INFY)

Offshore IT companies (outsourcing, Bangalore call centers, 3rd party tech admin) look great here, with leaders Cognizant Tech (CTSH) and Infosys Tech (INFY) showing interesting breakout patterns. In fact, INFY is trading just a point from its all time high at 61.25, posted in 2007. CTSH has already rallied above its 2007 high and is [...]

March 17, 2010 • Posted in: TA • No Comments

Yum!my

Yum! Brands (YUM), purveyor of the Taco Bell, Pizza Hut and KFC brands went vertical on Tuesday, spiking into the top of its 9-month rectangle pattern. The stock finally looks ready to break out and test the all-time high in the 40s.

Other sector leaders (using my proprietary scans):
* Dominos (DPZ)
* Ruby Tuesdays (RT)
* Cheesecake Factory [...]

March 11, 2010 • Posted in: ALERT, TA • One Comment

Politically-Correct Short Sale

Lorillard (LO) is a cigarette manufacturer that stalled in October near 82.50, after a strong recovery. It ground out a 3-month double top pattern and sold off last week, breaking the 200-day moving average. A short sale could profit from a downtrend into the mid 60s.

Last Thursday’s gap was triggered [...]