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| PLAY > New Plays |
Thursday, June 14, 2001 |
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New Split Plays
None
New Candidate Plays
| EPIQ
- EPIQ Systems $35.10 -0.97 (+2.80)
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With the economy (supposedly) circling the drain and more
companies going out of business, EPIQ has been in the catbird
seat. This is because their software products help facilitate
bankruptcies. Needless to say, business has been booming lately.
Turning to the chart, EPIQ has been making new highs all year in
a step-like fashion. On Wednesday, shares of EPIQ broke out of a
month long base on higher than average volume. Although the
stock pulled back today, we feel that it is still poised to go
higher. Resistance has come in at $36.94 and support should show
up at the $33.50-level (the top of the previous base). Traders
interested in getting a piece of the bankruptcy pie could look to
get into EPIQ on a break above $36.94 on volume of at least
130,000 shares traded for the session. Our initial stop has been
set at $31.00 to limit downside risk.
New Momentum Plays
None
New Plays Index
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