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| PRIME STOCK NEWSLETTER FOR MARCH 11th, 2010 |
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Position
Statement: In our Prime Recommendation Letter we attempt to identify the recommendation with the highest probability of moving higher. We recommend that stop orders be placed at the time of purchase, and once the position has moved profitable we recommend a stop be placed a minimum of $0.375 above the purchase price and moved higher as the position moves higher. |
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Today's Comments: The overall market finished Wednesday slightly higher in a broad based move that saw essentially every sector index I track move higher on the day. The strongest sectors were the Biotech, Airlines, Banking, Semiconductors, High Tech, Oil & Gas, Telecom, Healthcare Providers, Oil Services, Transports, Natural Gas, Retailers, Consumer, and Broker/Dealer. Oil was slightly higher by $0.34 to $81.83 per barrel, and Gold was was lower by $16.20 to $1,106.10 per ounce.
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| Sterling
Calendars for March 11th, 2010. |
| Date: |
Comments: |
| 03/11 |
Aeropostale 'ARO' announces earnings after the close. Est. $0.95 |
| 03/11 |
Air Methods 'AIRM' announces earnings after the close. Est. $0.27 |
| 03/11 |
National Semiconductor 'NSM' announces earnings after the close. Est. $0.18 |
| 03/12 |
Ann Taylor Stores 'ANN' announces earnings at 8:00am ET. Est. ($0.02) |
| 03/12 |
Smith & Wesson 'SWHC' announces earnings after the close. Est. $0.01 |
The
full earnings calendar for this
week can be found (here) |
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Recommendation: Buy
Universal Health Services, Inc. 'UHS' |
| Company: Universal Health Svc., Inc. |
Symbol: 'UHS' |
Closing
Price: $33.51 |
Web: www.uhsinc.com |
YH: $60.66 YL: $16.04 |
EPS: $2.64 P/E: 12.7 |
Shares
Outstanding: 97 Million |
Forecasted
EPS: $2.57 |
Market Cap.: $3.25 Billion |
| Dividend: $0.20 |
Yield: 0.60% |
Aver.
Daily Trading Volume: 1.4 Million Shares |
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| Price Targets: $37.97 and then $38.67 |
Downside Stop: $32.93/share |
| Options Rec.: March 30 Calls @ $3.80/contract |
Options
Symbol: UHS C 30 |
Additional information on Universal Health Services, Inc. 'UHS' can be found (here)
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Company Description: Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers, and radiation oncology centers. Its hospitals provide general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and behavioral health services. As of February 25, 2010, the company owned and/or operated 25 acute care hospitals and 102 behavioral health centers located in 32 states, as well as in Washington, D.C. and Puerto Rico; and manages and/or owned 7 surgical hospitals, and surgery and radiation oncology centers located in 5 states and Puerto Rico. Universal Health Services, Inc. was founded in 1978 and is headquartered in King of Prussia, Pennsylvania..
Chart updates daily |
A full list of the news headlines for Universal Health Services, Inc. 'UHS' can be found (here)
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Our Analysis: The shares of Universal Health Services, Inc. 'UHS' set a new yearly closing high on significantly heavier than normal trading volume. In the process they completed a pair of "cup patterns" with measured move to our stated price targets. I see downside support on the shares of 'UHS' @ $33.36/share, and have set my stops accordingly at $32.93/share.
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Stocks
Looking Higher |
KCI, FO, ROST, VSH, LCC, IMAX, JNPR, BIIB, PH, BRCM, ALK, CAL, AFL, ENS, LEG, INTU, VSAT, EMC, NFX, DHR, WSM, INTC, LVS, VLO, SBUX, BA, LOW, LLTC, ADI, DTV, CIT, VIAB, ANR, UHS, PXD |
Stocks Looking Lower |
PFE, STX, HAL, NEM, WAG, KSS, TRV, JCI, STJ |
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| Yesterday's Edition of the Prime Stock Newsletter |
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Sterling Investment Services may hold positions
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within this report. |
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