Tuesday, July 15, 2008

FCN


FTI Consulting (Nyse:FCN) provides litigation, forensic, restructuring, finance and economic consulting services. This is a group of stocks that have generally held up well during the resent market meltdown, and FCN is a leading stock in the group. You can see on the chart that its generally in an uptrend, making higher highs and lows. Right now its working on a cup type of pattern in an area of the prior highs, and has held up much better then the overall market the last few days as stock prices have fallen sharply. FTN's finances are strong, with EPS of 64% last quarter, 20% before that and 46% the prior quarter. In addition to strong EPS growth the company is also showing strong sales growth, which indicates that the EPS growth could continue. A return on equity of 13% shows a company that is well (though not spectacularly) run. Like CIR Institutional ownership is a little high, but the stock is showing some very good action and it should not be ignored. I'll be buying FCN if it moves above $73 on strong volume.


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