Wednesday, March 05, 2008

Exponent (EXPO)

Exponent (EXPO) originally featured as a subscriber pick for February 1st [$]. On Monday the stock cleared a bullish flag on higher volume. On Tuesday the stock stabilized around $30.75 resistance. So Wednesday could see the follow through from the bull flag breakout. This is a relatively illiquid stock, so building and exiting a large position would be difficult. The stock doesn't trade options and there was no company specific news to account for Monday's breakout. The point-n-figure chart is also unchanged from the original feature. As for a price target, I have stuck with my initial expectation [$].

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