Affiliated Computer (ACS) - June 16, 2008

[Harry Aloof]

From Wall Street Trader's Column

AFFILIATED COMPUTER SVC (ACS-NYSE): Technical Viewpoint: From a low of $52.26 on May 7, 2008 prices rallied, reaching a high of $55.96 on May 14, 2008. A decline saw prices pull back, reaching a low of $52.59 on Jun 6, 2008. Another rally saw prices penetrate resistance, closing 6/13/08 at $54.46. Technicals: MACD Index (MACD): A Buy Alert! was given on Jun 13, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $29.00. Resistance: Is at $28.00. Point & Figure: Reversed to the upside on Apr 9, 2008. A P&F upside reversal takes place at $28.00. Summary: Technical indicators have turned bullish. BUY! AFFILIATED COMPUTER SVC (ACS-NYSE) @ $56.50 Stop: Use a protective stop of $54.13. AFFILIATED COMPUTER SVC is currently trading @ $54.46 plus $2.17 on Jun 13, 2008.

Price Objective: $69.50
Risk/Reward: $2.37 VS. $13.00
Today's Risk Reward Ratio: 5:1