Friday, January 11, 2013

Deluxe Corporation (NYSE: DLX)

 Deluxe Corporation, together with its subsidiaries, provides printed products, forms, and marketing solutions to small businesses and financial institutions primarily in the United States, Canada, Europe, and South America. The company offers checks; printed forms, including billing forms, work orders, job proposals, purchase orders, invoices, and personnel forms, as well as computer forms, deposit tickets, and check registers; and accessories and other products, such as envelopes, office supplies, stamps, and labels, as well as retail packaging supplies and checkbook covers. It also provides marketing solutions, which include Web design, hosting and other Web services, logo design, search engine marketing, and digital printing services for the sales and marketing needs of small businesses, business cards, greeting cards, brochures, and apparel. In addition, the company offers fraud protection services; payroll services; and financial institution profitability, regulatory, and compliance programs. It markets its products through printed and electronic sales forces, referrals from financial institutions and telecommunications clients, purchased search results from online search engines, and independent distributors and dealers.

To review Deluxe's stock, please take a look at the 1-year chart of DLX (Deluxe Corporation) below with my added notations:
1-year chart of DLX (Deluxe Corporation)
DLX has made its way higher since bottoming in April. For the last 3-4 months though, DLX formed a 52-week high resistance level at $32 (navy). Last week the stock broke through that resistance and hit a new 52-week high. A pull back could provide a nice long entry on the stock.

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