Trade Ideas: CDI

The stronger close helped push a number of stocks to the forefront of the Trade Ideas scan. In the last 15 minutes of trading the following stocks cropped up in my Base Scan: GMST, CDI, PLFE, WDFC, BT, SYNT, RKT, KO, HRL, SMSI, SPSS, MAPS, PORK, CBM, GVHR, INDB, DEL, ADP, BUCY, TR and JH. One of the most frequent to appear during this period was CDI. The stock is still range bound inside a channel with larger resistance overhead at $30.86. A break of $29.25 should see a follow on move past $30.86. Stops can go on a loss of $28. Watch for a confirmation signal in the MACD trigger line. Long term resistance lurks at $35 with the point-n-figure chart holding to a $42 price target as part of a St. Patrick's Day Double Top Breakout.

CDI Corp. provides engineering and information technology (IT) outsourcing solutions and professional services; staffing and permanent placement services; and franchise services in the United States and internationally. Its staffing services comprise temporary staffing, including engineering, IT, construction, and other professionals, as well as clerical, legal, financial, and administrative staff; and managed staffing services comprising operation and management of a customer function, such as on-site management of staffing requirements and certain human resource functions.

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