Weekly Stock Pick

Scanned the charts last week, and came up with what looks like a nice, technically speaking, intermediate term long trade on an excellent, and one of my favorite high tech companies since 1989 when I started investing and trading the markets. They are a leader in the digital information storage sector.

I like this company very much because of its big performance in my portfolio in the 1990’s. I do hope it continues to perform long term, but with current market conditions as they are, I might have to get out at whatever profit or stop-loss and look for another re-entry point. I’ll just let the market and the stock price guide me, and be always looking for the low risk high reward technical trade setup on this company or any of the rest.

EMC Corp. Ticker EMC

Trade Setup: Based on price data up to Friday June 13th.

Entry 16.50

Stop - Loss 16.12. Nice and tight. You could allow more stop-loss, 8% or more if you like. All depends how much you’re willing to lose.

Take Profit Areas:

Very Short Term 17.26 – 17.64

Short Term 18.71 – 19.31

Intermediate Term 20.40 – 21.05

Long Term 22.47 – 23.20

Longer Term 25.83 – 26.67

1 Year from now 29.00

Monday’s trade on EMC

Open 16.44, High 16.54, Low 16.24, Close 16.50. Stop-loss price of 16.12 not hit yet.

Repeating Chart Patterns To Profit

It’s funny; the chart setup on EMC right now looks very similar to me as almost the same setup when I first invested in it back in the early 90’s. The price had recently been to about 18, like it was on May 18th last month, then there was a pullback to about 16, like it was on June 12th, then it started back up on its uptrend. I hope it continues, because this company and its story, has the greatest potential to do so.

History repeats itself, and human actions repeat themselves over and over again, and it always shows on the charts. All information of the past, present, and thoughts of the future is what the stock price reveals at any given time. Certain charts patterns offer lesser risk, and bigger rewards than others. Learn, identify, take action on low risk high reward chart trade setups, and you will be investing and trading with as lowest risk and highest reward as possible.

S&P upgrades EMC Corp. to 'A-' from 'BBB+'; Outlook Stable

Standard & Poor's raised EMC Corp.'s corporate credit and senior unsecured ratings to A- from BBB+. "The upgrade reflects consistent profitability in the face of very competitive industry conditions, a more diversified product portfolio following recent acquisitions, and a strong financial profile," said Phil Schrank, an S&P credit analyst. EMC benefits from a leading market position and favorable trends that will continue to support strong demand for data storage, S&P said.

EMC Company Profile

EMC Corporation (EMC) and its subsidiaries develops, delivers and supports the information technology (IT) industry's range of information infrastructure technologies and solutions. EMC's Information Infrastructure business supports customers' information lifecycle management (ILM) strategies and helps them build information infrastructures that store, protect, optimize and leverage their vast and growing quantities of information. EMC's Information Infrastructure business consists of three segments: Information Storage, Content Management and Archiving, and RSA Information Security. In December 2007, the Company acquired Dokumentum Services CIS, a distribution and consulting services provider focused on providing marketing, support and maintenance, consulting, training and localization services related to its Content Management software. In March 2008, the Company completed the acquisition of Document Sciences Corporation and Infra Corporation Pty Limited.

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Good day, good investing and trading!