As my friend and colleague in the financial publishing industry would often say in his monthly newsletters, “We’re pounding the table on stock XYZ.” I am feeling the same way about Resources Connection Inc. (NASDAQ:RECN)

Resources Connection Inc. (NASDAQ:RECN) is an international professional services firm that provides experienced accounting and finance, risk management and internal audit, information technology, human resources, supply chain management and legal professionals to clients on a project basis.

It assists its clients with discrete projects requiring specialized expertise in accounting and finance, such as mergers and acquisitions due diligence, financial analyses, corporate reorganizations and tax-related projects. In addition, Resources Connection provides human resources management services, such as compensation program design and implementation, information technology services, such as transitions of management information systems, and internal audit services, such as documenting internal controls.

The Company also assists its clients with periodic needs such as budgeting and forecasting, audit preparation, public reporting and with their compliance efforts under the Sarbanes-Oxley Act of 2002. (Source: Bigcharts)

(Source: Bigcharts)

Resources Connection is currently breaking out from its one year consolidation period on the weekly charts. All pertinent indicators (MACD, DMI, and RSI) in the past week are now simultaneously screaming buy.

Recommendation: Buy shares of RECN and plan to hold for at least six months. Place a trailing stop loss somewhere between 5-10% of today’s current price.