InfoSys
Technologies, Inc. (INFY) provides consulting and IT services.
Key
Information:
Fundamental:
Sector:
Technology
Industry:
Technical & System Software
Liquidity:
Market
Capitalization: $23.27 Billion
Average daily
volume (3-month): 789 Thousand Shares
Closing Stock
Price: $84.78
Risk
Proxies:
52-week high /
52-week low: 1.51
Beta
(3-month): 1.73
Debt/Equity:
0.00
Profitable:
Yes
Valuation:
Price/Sales:
11.56
Price/Book:
14.20
Price/Earnings:
44.39
Price/2006
Analyst Earnings Estimates: 28.35
Technical
Analysis
INFY broke out
to new five-year highs Monday as a result of a positive earnings report; over
five million shares were traded in reaction to the news, and the stock rose
over 13%. According to a study by Singal and Pritamani (2001), a high
volume rise following an earnings report is bullish.
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Key
Levels
Buy:
Market
The situation
is bullish
Stop loss:
79.74
Slightly below
the lows of the day
Target:
1-month hold
Singal and Pritamani (2001) show significant
positive abnormal returns for the 1-month period following analyst
recommendations associated with large price moves and high volume.
Reference:
Mahesh Pritamani and Vijay Singal,
"Return Predictability Following Large Price Changes and Information
Releases," Journal of Banking & Finance, Volume 25, Issue 4,
April 2001.
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