CEFT - Concord EFS $51.34 +1.15 (+0.84)

Tuesday's Comment:

CEFT notched a new closing high on Tuesday, putting to an end its streak of three down days in a row. We are encouraged that the stock was able to close over $50.50, but are still concerned that resistance has held up at $51.50. If the broader market cooperates tomorrow, we feel that CEFT has set itself up to finally break through resistance at $51.50. Therefore, traders looking to get into CEFT should wait for a definitive close above this level accompanied by good volume of at least 3.9 million shares for the day.

Picked on May 27th @ $50.60 Change Since Picked +0.74 Stop Loss @ $46.00

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