Company Description

Banco Bradesco S.A. (BBD) provides a range of banking and financial products and services to individuals, small to mid-sized companies, and local and international corporations and institutions. It operates in two segments, Banking, and Insurance, Pension Plans, and Certificated Savings Plans. The company was founded in 1943 and is headquartered in Osasco, Brazil.
Fundamental Picture

This company with its deep ties into the growing emerging markets has strong sales and earnings growth as well as positive cash flow.

Technical Outlook

Banco Bradesco has a nice long-term uptrend in place, which is being confirmed by the up trending On Balance Volume indicator (OBV). Couple this with the strong fundamentals makes this stock an attractive trade opportunity.

Trading Action Plan for the Week

Stock Entry: Buy shares of Banco Bradesco (BBD) at 20.95 or better.

Option Entry: Buy the February 20 call (BBDBD) at 1.65 or better.

Profit Target Exit: 27.

Please note that we will use this price as an initial guide but we will gradually move up our trailing stop to realize as much of the breakout as possible while protecting our profits.

Stop-loss Exit: 19.10.

As the stock starts to breakout we will move the trailing stop up to protect any accrued profits on our stock and option positions.

Review of Open Positions

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Best Regards,
Jeff Neal

E-mail : Info@stockbarometer.com if you have any questions about this trade or any other questions or comments.

Important Disclosure
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Performance results are hypothetical. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as a lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
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© 2009 Copyright Jeff Neal - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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