Stock Play of the Week - 1/12/2010

By IBTimes Staff Reporter | January 11 2010 11:46 PM

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Industry: Bldg&Construct -Misc Closing Price: 8.68 P/E: 21.5 Avg. Vol.: 465K

Company Profile: Dycom Industries, Inc. provides engineering, construction, and maintenance services to telecomm providers in the United States. In addition to its primary services, the Company performs underground utility locating and electric utility contracting services. Dycom also provides services related to the installation of integrated voice, data, and video networks in office buildings.

Chart Setup: Breakout

Trading Strategy: We'll look to buy DY if it trades above 8.84 Place a protective stop under 8.44 Target 1: $9.50

SPW Update: LIZ was a valid entry and is open.

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