SEIC - SEI Investments Company $130.75 +1.88 (+4.88)

SEIC, a silver lining amidst a sky of dark clouds. Admittedly, it is no fun reporting on stocks only to watch them get caught in a fear-induced bout of selling. Good news though, nestled within the NYSE Financial Index (NF) is SEI Investments Company. The NF index has appreciated over 100 points since early March and SEIC has shared in the run up. SEI Investments provides global investment solutions to institutions and individuals and business solutions to investment intermediaries. Serving corporations, banks, insurance companies, unions, foundations, endowments and individuals with a wide array of investment products and administration services, the company manages and administers more than $250 billion of investable assets and processes over $1.5 trillion of assets. Join me as I introduce to you the goodies about SEIC. In late April the company beat earnings estimates by .08 cents, then on May 10th the BOD announced a 3:1 stock split with an effective paydate of June 19th. This will be the company's 4th split since going public in 1981. Last week the company did a wee bit of expansion into Ireland. Aye, it seems the Bank of Ireland has appointed them trustee over some $5.5 Billion dollars in assets, and that's no blarney. A quick peek at the chart would reveal an overall bullish trend that began along with the index back in early March, culminating with a new high hit today at $134.37. Today's volume was 2X normal at 99.6K shares. Near term support for the stock can be found at the 5-dma at $126, followed by the 10-dma at $123 and then the 20-dma at $120. Resistance will be the new high until broken and conquered. Open new plays with positive movement in the NF sector and the broader markets. Once the opportunity arises, it would be wise to take thee a profit before the leprechauns with the little "red" hats get a chance.

Picked on May 23rd @ $130.75 Change since picked 0.00