Computer Sciences Corporation provides information technology (IT)
and professional services and solutions in North America, Europe, Asia,
and Australia. The company's Managed Services Sector segment offers IT
outsourcing services that involve customer's technology infrastructure,
including systems analysis, applications development, network
operations, end-user computing, and data center management. Its North
American Public Sector segment provides systems integration and
outsourcing, and complex project management and technical services, such
as enterprise modernization, telecommunications and networking, managed
services, base and range operations, and training and simulation
services for government agencies, as well as the department of homeland
security and NASA. The company's Business Solutions and Services segment
offers consulting and professional services that include advising
clients on the strategic acquisition and utilization of IT and on
business strategy, security, modeling, simulation, engineering,
operations, change management, and business process reengineering; and
systems integration services, which comprise designing, developing,
implementing, and integrating information systems, as well as
intellectual property-based software.
To review Computer's stock, please take a look at the 1-year chart of
CSC (Computer Sciences Corporation) below with my added notations:
CSC had worked its way higher from its $30 bottom in October up until
its peak in March. Then, for about (5) months the stock had been
stalling at a $50 resistance (navy), which was also a 52-week high
resistance. Finally, in the beginning of August CSC broke through that
$50 resistance. The stock has pulled back down to that $50 level, which
should now act as support.
The Tale of the Tape: CSC broke out to a new 52-week
high and now seems to be pulling back. A long trade could be made at
$50 with a stop placed below that level. A break below $50 would negate
the forecast for a continued move higher.
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