SEI Investments (SEIC) is a conglomerate of sorts that has developed a strong business model around four key product lines. The company's Technology Services consists of trust technology and office outsourcing solutions. The Mutual Fund Services segment provides administrative solutions to mutual funds for third-party managers. The Asset Management division helps individuals with their investment decisions through various investment products. The New Business Investment division is the company's international operation that looks for investment opportunities abroad. A quick glance at the chart will reveal how successful the company has been in combining each of these divisions. Currently, shares have moved back into previous split-levels after a 3:1 stock split back on May 5th 2000. The stock's quick advance from $60 to $90 in just the last month has brought a lot of trading momentum to the shares, which may be building up for another run. On Friday, good volume of 356,000 shares and a sharp intra-day advance to an all time highs may portend a new run at the century mark. However, we'll still need a close above the all time high of $90.75 to signal the breakout, so watch for good volume to accompany a higher close before opening a position. On the flip-side, we'll expect initial resistance at $90 to be followed by a stiffer base at $88, bolstered by the 5 and 10-dma's of $88.39 and $87.78, respectively. Further down the chart, the recent consolidation base near $85 should offer good support ahead of our stop at $84. Use sharp bounces from the support to signal low-risk entry points and consider using strength in the Banking Index (BIX.X) to confirm buy points.

Picked on November 12th @ $90.25 Change since picked 0.00