Tuesday, August 5, 2008

A Couple of Stocks from Last Week

Covance (CVD 91.52) is setting up nicely and making headlines today. It could do $2B in revs. for 2008, a 25% increase, with good ratios and good sponsorship. Ascending Triple Top Breakout shortly after my 7/24 post and the stock broke to $92.69. All time high (96.81) in January. I like it, looking for an entry.

AmerisourceBergen (ABC 41.82) has come down to trade below $42.40, thus the 200 dma. Perhaps it will now fill the gap to $40.

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