Sector: Wireless Communications ; Telecomm-Wireless
Fundamentals: The company ROE of 31% also tops the industry average of 10% ; P/E (forward):11.41 with PEG 0.77 ; Dividend: 0.9%
Technicals: Currently MA(50)>MA(200) and they are in very close to each other even though the trend of MA(50) is down. Three Bullish patterns are found: 'Continuation Wedge (Bullish)' as of close on May 2, 2008 with potential target as $39. 'Diamond Bottom (Bullish)' and 'Symmetrical Continuation Triangle (Bullish)' formation as of close on 06, 2008 with potential target as $36 and $46. Attached image shows the trendline resistance.
Cost basis: Entered on 5/05/2008 for $30.09
Target: $36.13 [Above first bullish pattern target and below high price of Feb 21, 2008 $38.23]
Stop loss: $29.65 [Reason Parabolic SAR(0.05,0.5)]
Next Earnings: 23-May-08
Last Analyst Rating: Hold
Other comments: VIP recently posted fourth-quarter and full-year 2007 results, noting that revenues exceeded $7 billion and grew at a remarkable rate of 47%. The company exhibited growth in many areas and VIP also offers a dividend yield of 0.9%, which is better than the industry average.
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