Just a quick note on the ACI (disclosure- we own shares of ACI in our portfolios.), we thought we would highlight the shares as not only offering a great long-term entry point, but possibly a short-term opportunity as well. Shares gained 29% in Friday's trading on both better-than-expected earnings and short covering. Today, the shares caught on upgrade from Sterne Agee and are trading up in the pre-open market.
ACI's share price appears to be stabilizing and have closed at the trend line established since February. A close above this level on volume could suggest the shares move into the swing point around $10 per share. A nearly 40% gain from current trading levels.
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