Monday, October 09, 2006

Trade Ideas: TCC

Markets continue to push their advances, even if it is only a a few points worth. The Trade Ideas scan was weakly bullish; to select 8 different picks covered a time span of 11 minutes. By far the most frequent to appear was Trammell Crow (TCC) at 33 times - second was Bunge Ltd (BG) at 16 appearances.

Trammell Crow has shaped a small handle between former resistance (now support) and a new resistance line connect September and May highs. Buyers can wait for a break of latter resistance, or for a move past $37.36. Stops go on a loss of $35. Volume is modest, it should pick up on the break of $37.36. The 40-week MA was support in late 2005 and appears to be repeating form again in 2006. Those with a longer time frame can use the 40-week MA as an alternative stop. There is no point-n-figure price pattern, although the p-n-f chart has a bearish target of $20. I would look for a move to $50.

Suffice to say, it does alot (although given that I am surprised it doesn't pay a dividend) .....

Trammell Crow Company provides commercial real estate services. It offers corporate advisory services, including tenant representation brokerage services, acquisition/disposition brokerage, lease administration, and lease audits; and project management services, such as facility planning, construction oversight, space planning, site consolidations, multilocation expansion programs, facilities design, signage conversions, portfolio-wide operational refits and upgrades, and workplace moves, adds, and changes to its user clients. The company also provides facilities management services, including administration and day-to-day operation, client-occupied facilities maintenance and repair, office services, and call center services to user clients. It provides brokerage services, including project leasing and capital markets services; construction management services, such as space planning and tenant finish coordination; and property management services, including different aspects of building operations, maintenance and repair, tenant relations, and oversight of building improvement processes to its investor Clients. The company also offers development and investment services for industrial, office, retail, healthcare facilities, and higher education facilities. It serves user clients, such as large corporations, healthcare systems, public sector clients, and other end users; and investor clients, including pension funds, advisors, and others who own or manage real estate assets primarily for investment purposes. The company also serves global services clients through a network of offices in the United States, Canada, Europe, Asia-Pacific, and Latin/South America. Trammell Crow has strategic alliances with Savills plc, Trammell Crow Meghraj, and JJ Barnicke. The company was founded by Trammell Crow in 1948. Trammell Crow is headquartered in Dallas, Texas.

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