Monday, February 01, 2010
Stock Pick of the Day - Computer Program & Services Inc.
Stock Pick of the Day
Computer Program & Services Inc. (NASDAQ: CPSI)
Closing Price: $37.63
RSI: 18.29
MACD: -1.01
insert.a.chart.CPSI
Computer Program & Services Inc. (NASDAQ: CPSI) breached below its long term support level of 200 day moving average for the first time after a gap of ten months by mid-day trading on Friday. Computer Program & Services Inc. (CPSI) plunged by close to 15% with heavy volumes following dismal earnings it posted in Q4. These are clear indicators of a bearish trend which may follow in the stock.
Computer Program & Services Inc. (CPSI) mopped up profits which were almost 25.8% lower than comparable quarter’s earnings for comparable quarter of previous year. Computer Program & Services Inc. (CPSI) is likely to search for lower levels following the gap-down opening on Friday.
