BadThad
05-07-2008, 03:52 PM
As you all know, I love these battered bottom plays. IMO, this is another strong bottom play in a solid company that missed earnings expectations. Down almost 16% today, it might be an over-reaction by investors.
JKHY on Google Finanace (http://finance.google.com/finance?q=NASDAQ:JKHY&client=ft)
Chart (http://stockcharts.com/h-sc/ui?s=JKHY&p=DAILY&b=5&g=0&id=p55696813064)
Current PPS: $22.30
It seems to be pretty level today after the drop. I'm going to watch this one closely tomorrow for a bottom.
Float: 79.8 m
84.57% institutional ownership
P/E: 22
Jaywalk summary: 10 HOLD 8 BUY 4 STRONG BUY
Some light TA: Looking at the 3mo, 200 SMA is around $25.50, the 9 and 20 SMA's are higher at around $26. RSI near 30, MACD bearish crossover and histogram. I think this stock could easily recover to the $24 range in short order. The 5 day chart shows the MACD signal line setting up for a bullish crossover and RSI as grossly oversold in the 25 range, fast STO lines are converged into one. Over the day today, the volume has gradually decreased which seems to indicate the sell-off is finished.
JKHY on Google Finanace (http://finance.google.com/finance?q=NASDAQ:JKHY&client=ft)
Chart (http://stockcharts.com/h-sc/ui?s=JKHY&p=DAILY&b=5&g=0&id=p55696813064)
Current PPS: $22.30
It seems to be pretty level today after the drop. I'm going to watch this one closely tomorrow for a bottom.
Float: 79.8 m
84.57% institutional ownership
P/E: 22
Jaywalk summary: 10 HOLD 8 BUY 4 STRONG BUY
Some light TA: Looking at the 3mo, 200 SMA is around $25.50, the 9 and 20 SMA's are higher at around $26. RSI near 30, MACD bearish crossover and histogram. I think this stock could easily recover to the $24 range in short order. The 5 day chart shows the MACD signal line setting up for a bullish crossover and RSI as grossly oversold in the 25 range, fast STO lines are converged into one. Over the day today, the volume has gradually decreased which seems to indicate the sell-off is finished.