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A.G.Edwards - AGE - close: 57.58 change: +0.42 stop: 55.49

Company Description:
Drawn to the firm's client-first philosophy, individuals and businesses have turned to A.G. Edwards for sound advice and access to a wide array of investment products and services that can help them meet their financial goals and objectives. Founded in 1887, A.G. Edwards and its affiliates employ nearly 6,700 financial consultants in more than 740 offices nationwide and two European locations in London and Geneva. (source: company press release or website)

Why We Like It:
The XBD broker-dealer index looks poised to breakout over resistance and complete a bullish cup-and-handle pattern. If that occurs the group could see a significant rally higher. It's probably not a coincidence that AGE has been consolidating under significant resistance at the $58.00 level. A breakout over $58 would be a new all-time high for the stock, surpassing its September 2000 peak. We're suggesting a trigger to go long the stock at $58.15. If triggered our target is the $62.50 level. There is a chance that AGE could encounter some round-number resistance at the $60 level. However, the P&F chart has a quadruple-top breakout buy signal with a $70 target.

Picked on November xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 12/21/06 (unconfirmed)
Average Daily Volume: 386 thousand
 

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