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Stephen Oakes is an experienced financial titan from New York who brings Wall Street to Main Street. Over the past 11 years, he has developed and tested the renown, Oakes Momentum System, which uses a unique constellation of technical indicators to find timely buy and sell points. He holds an M.B.A. in the United States (New York) and has studied internationally at the Reims School of Management in France.

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Watch: Manhattan Assocsiates Inc. (MANH)

July 30th, 2007 • Related • Filed Under

Manhattan Assocsiates Inc. (MANH:NASDAQ) looks very similar to the previous play I mentioned ticker P-T-V. In this case we have a much tighter symmetrical triangle pattern looking to breakout from consolidation very soon.

Take a look at the one-year weekly chart below. The DMI is saying you should jump in, but in my opinion you should wait for the MACD to follow suit. If everything holds we’ll see significant price movement once the MACD crosses over in positive fashion.

If you would like to jump in right now place a 5% stop-loss.

MANH

Good Investing…

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