Company Description: DIRECTV provides digital television entertainment in the United States and Latin America. The company provides direct-to-home (DTH) digital television services, as well as multi-channel video programming distribution services in the United States. It distributes approximately 2,000 digital video and audio channels, including basic entertainment and music channels, premium movie channels, regional and specialty sports networks, Spanish and other foreign language special interest channels, pay-per-view movie and event choices, and national high-definition television channels. The company also provides premium professional and collegiate sports programming, such as the NFL SUNDAY TICKET package, which allows subscribers to view the NFL games. In addition, it offers DTH digital television services in Latin America and the Caribbean, including Puerto Rico. The company provides its local and international programming under the DIRECTV and SKY brand names. As of December 31, 2009, it served approximately 18.56 million customers in the United States; and 6.5 million customers in Latin America. The company was founded in 1990 and is based in El Segundo, California.

Our Analysis: The shares of The DirectTV Group, Inc. 'DTV' set a new multi-year closing high yesterday. In the process they completed a cup pattern with a measured move to our initial price target of $37.95/share. If the shares of 'DTV' close above that level, then I expect them to continue to move higher and test $46.95/share, their all time closing high set on March 23, 200. I see downside support on the shares of 'DTV' @ $34.12/share, and have set my stops accordingly @ $33.71/share.