) - This information storage and peripheral company has recovered
from its bear market lows under $10, and in late April drove to
new highs above $21.
As the economy recovers, demand for information storage and
new technologies in that area will increase, and EMC is an
Technically, the triple-top breakout in February on solid
accumulation was a strong signal to buy this stock. But the
market sell-off took the good with the bad, and drove EMC to its
where it is a strong buy.
I first provided this chart for our
Top Trades for May
, but its continued strength and recent pullback again make it a
The trading target for EMC is $23, but it could go much higher
based on its high rate of accumulation and strong momentum.
Standard & Poor's rates EMC a "four-star buy."
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