SVM PENNANT
By Brett Goldstein on Dec 28, 2006
Ive been following this stock since the companies announcements. From Yahoo Finance. “The ServiceMaster Company (NYSE:SVM - News) today announced that its Board of Directors has decided to explore strategic alternatives designed to maximize value for shareholders. The Board has retained Morgan Stanley and Goldman Sachs as its financial advisors and Sidley Austin as its legal advisor to facilitate the process.”
The stock gapped up and has retraced nicely the last month. It broke out of its pennant on good volume the other day. Its trading above its 20day ma and above the support. Keep an eye on this. Resistance in the high 13 `s
This entry was posted on Thursday, December 28th, 2006 at 10:53 am and is filed under Annotated Analysis.
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