ADS Ascending Triangle Breakout
By Johns Wu on Jul 09, 2006
ADS, Alliance Data Systems, showed up on my ascending triangle scan.
The ascending triangle breakout has been confirmed on the OBV. If "resistance has become support" on ADS, then a good entry point might present itself next week as the stock retraces to the support.
This entry was posted on Sunday, July 9th, 2006 at 6:18 pm and is filed under Annotated Analysis.
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We like this pure play on transaction services/processors. ADS has coughed up stable delinquencies and low charge offs. We feel investors should “pay up” for consistent high-quality underwriting, 15% organic growth, market leadership position, and healthy, low capital business model. We estimate that the firm’ll do roughly $3.20 in 2007 EPS. Applying a conservative 25 x forward multiple, we land at a $75-$80 price target range on shares.