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, modelling, simulation, engineering,
operations, change management, and business process re-engineering.
To review Sciences’ stock, please take a look at the 1-year chart of
CSC (Computer Sciences Corp.) below with my added notations:
After a nice push higher in July, CSC had been bouncing back and
forth since August. As the stock found support in the general $50 area,
it had also created a strong level of resistance at $54 (blue), which
constitutes a 52-week high resistance. A break through that level most
likely means higher prices for the stock. As you can see from the chart,
CSC finally broke higher last week.
The Tale of the Tape: CSC broke out to a new 52-week
high. A long trade could be made at $54 with a stop placed below that
level. A break below $54 would negate the forecast for a continued move
higher.
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