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| PSFT - PeopleSoft, Inc. | Week Ended: 2/3/01 |
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| Price |
40.31 |
P/E Ratio |
143.58 |
52 Week High |
53.88 |
| Last Week |
- 3.56 |
Earnings Date |
1/16/01 |
52 Week Low |
12.00 |
| Picked At |
51.13 |
Date Picked |
1/11/01 |
Sector |
Technology |
| Activity |
| Current |
40.31 |
Open |
42.19 |
Change |
-2 |
| Low |
39.56 |
High |
43.25 |
Volume |
4,004,800 |
ZACKS | NEWS | PROFILE | HISTORICAL PRICES | OPTIONS | D-CHART |
| Company Description PeopleSoft, Inc. designs, develops, markets and supports a family of enterprise client/server application software products for large and medium sized organizations. For the 9 months ended 9/30/00, total revenues rose 17% to $1.24B. Net income totaled $101.5M vs. a loss of $172.2M. Revenues reflect increased service revenues due to an increase in maintenance. Net income reflects the absence of a $176.4M contribution to Momentum Business Applications.
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| Play Description January 11, 2001
PeopleSoft, Inc. is a leading provider of enterprise application software products, such as human resource management, financial accounting, and supply chain management solutions, for large and medium sized organizations. Shares of PSFT have been trending up since May, when PSFT hit its 52-week low of $12. On Thursday, the stock hit a 52-week high of $53.88, just shy of the all-time of $57.44, set back on 4/20/98. PSFT is currently moving up on a strong earnings report from SAP AG (SAP), and we believe that this has created solid momentum as we move towards PeopleSoft’s earnings announcement, expected on January 31st after the bell. From a technical perspective, support is Wednesday’s intra-day high of $49.75 with stronger support at Tuesday’s intra-day high of $46. Resistance is Thursday’s intra-day high of $53.88 and then the all-time high of $57.44. Traders may consider entry points on a bounce off of $49.75 or a breakout above $53.88 on volume greater than 3.5 million shares by midday. We plan to set stops at $46 to limit potential losses.
Picked on January 11th @ $51.13
Change since picked +0.00
Stop Loss @ $46.00
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| Update January 28, 2001
PeopleSoft came under pressure on Friday, on the heels of a weak earnings announcement from Broadvision (BVSN). Shares of PSFT fell to an intra-day low of $45.56 on volume of 8.98 million shares. We were stopped out at $46, so we are dropping PSFT. If the chart improves, we might take a closer look at the resurrected software firm in the near future.
Picked on January 11th @ $51.13
Profit/Loss = -5.13 (-10%) (Stopped Friday @ $46.00)
Best Profit = +2.38 (+5%)
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