KFRC-Some green in a sea of red.

Discussion in 'Stocks' started by dbuff, Aug 27, 2008.

  1. dbuff


    Staffing Services stock. Big broadening wedge, mostly formed by a high level of instutional buying. It's been going sideways for a short amount of time;I'm thinking unemployment data will push it higher as it has in the past, earnings have been improving also . it has a good chance of taking advantage of any further economic slowdown here and help people find work while production slows and lay offs occur in certain industries.

    I think earnings growth, plus unemployment data will be the catalysts; if it can break out past that 11 dollar resistance I think were going for another big move up, and momentum will grow as shorts cover. Thats my buy point.
  2. dbuff


    also, ASGN looks like its about to break out. Unemployment data on Sept. 5.