Thursday, June 29, 2006

Trade Ideas: AKR, RBN, ACAP, MPE, FISV, REY, SZE, UPFC

Breadth improved over yesterday as sellers were unable to capitalize on Tuesday's sharp dip in the markets. The Trade Ideas scan took 5 minutes to come up with today's stocks.

Best of the bunch looks to be Robbins and Myers (RBN). The stock trades around $24 - a former resistance level in late 2005 and early 2006 after retracing a heavy volume run from $20.50 to $25.66. The point-n-figure target of $36 is part of a May 3rd spread triple top breakout. Stops go on a loss of $22.50.





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