CUP
Budd Foxx
Breakouts and Technical Analysis of Chart Patterns
Alcan (AL) is recommending shareholders reject Alcoa's (AA) $27.6 bln hostile takeover bid, but hasn't ruled out the possibility of actually making a bid for Alcoa and is reportedly in merger talks with BHP Billiton (BHP). Also, Crescent Real Estate Equities (CEI) agreed to be acquired by Morgan Stanley (MS) for about $2.3 bln while Payless ShoeSource (PSS) said it will pay $800 mln for Stride Rite (SRR).
WATCHLIST (Not researched):
HLYS, SPAR, TNH, CYBI,
INTERESTING CHARTS:
AFSI, DAR, JADE, OMNI, ATNI, OMPI.
WATCHLIST (Not researched):
ATK, ANSS, ADP, DGIT, LXU, IOM, SPR
APLX, MCO, TWIN,
INTERESTING CHARTS:
AFSI, CMGI, DAR, HDNG, ICFI, SMOD,
SNHY, ATNI, GNA, GLBL, SYKE, CHRD,
DPLK, AAI.