AB

I opened a trade for AB late on Friday with 1) its price rising on high volume 2) off a tested bottom, 3) an uptrend established and 4) a SH broken Thurs with much higher volume, and a 5) lower price on Fri with lower volume.  And an emergence from a 5-month bottoming consolidation to boot.

There is that Aug 8th very long black candle with very high volume, defining a price range to be careful in; I will see if the 16.95 SH gets tested well.

Could this be a decoy to let higher earning pop the price?

Earnings date is 2-10-12.  


Trailing Annual Dividend Yield is 9.40%

The business is institutional investment services.



The Weekly chart shows a major SL, retested on very low volume, quite the bullish pattern:

http://optionchance.com/research_charts/ab.html shows some encouraging data:

Growth
	Current Qtr	Next Qtr	Current Year	Next Year
EPS	0.35	0.37	1.49	1.51
EPS Growth	191.67%	-11.90%	12.88%	1.34%
Year Ago EPS	0.12	0.42	1.32	1.49
Revenue	720.68M	726.55M	2.91B	2.93B

National Financial (Fidelity company) is breaking out too on low volume though; this one likes substantial pullbacks after highs and has provided good buys at Swing Lows in the current uptrend: