We traded VISN earliar this month for an awesome 31% trade and it looks like we might be able to catch another strong trade with this stock on the support bounce. Price made a strong move today with price bouncing off of both the horizontal and ascending support levels leading me to believe these support levels will hold. I alerted  a BUY on VISN today on the message board Shout box intraday. If your not a member already sign up today for a free membership and receive our email alerts as well. CLICK HERE

fundies and growth are strong for VISN while this stock is still undervalued. Fair value within its industry is around 16.50/share given its forward earnings estimates of .71 and its industry trading an earnings multiple of 23x.

I went long like Donkey Kong at 9.60

Technical Analysis:

It was an amazing session for the bulls today with the Nasdaq and S&P500 both rallying over 4% making this the biggest move for the S&P since 2001. This was a result of the FED cutting the rates yet again by .75 points. I was surprised not to see a sell off on the news as most were expecting a cut of a full point. Although better than expected #’s released by Lehman Brothers gave the market that extra boost in confidence pushing the DOW up 420 points on the close.

Technical Analysis:

Looking at the current chart of the DOW price is coming up on a very strong descending trendline that has proved to be a significant resistance point for these short term bullish rallies. For the bulls to be back in favor of the market i believe the DOW needs to sustain prices back above the horizontal resistance mark around 12,750.