Thursday, August 05, 2010

Universal Corporation (UVV) Chart

By Steve Cook
All American Investor

Universal Corporation (UVV)

UVV stock made good progress off the March 2009 low, easily surpassing the down trend off its March 2008 high (red line) and the November 2008 trading high (green line). The stock subsequently broke the up trend off the March 2009 low, quickly reset to a down trend, reversed itself again and presently appears to be attempting reset its primary trend to down--though it is in the time and distance discipline zone. The straight blue line in the lower section of the chart is the lower boundary of an up trend dating from 1975. The wiggly blue line is on balance volume. The High Yield Portfolio currently owns a full position in UVV. Its current Buy Price is $29; the Portfolio would Sell half of its position at $81.

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Steve Cook earned an MBA at Harvard and did post graduate work in economics and financial analysis at New York University. He earned his Chartered Financial Analysts designation in 1973. Steve has 40 years of investment experience including institutional portfolio management at Scudder Stevens and Clark and Bear Stearns. He managed a risk arbitrage hedge fund and an investment banking boutique specializing in funding second stage private companies. Steve now manges Strategic Stock Investments which focuses on wealth building through strategic investments.

Original content Steve Cook, All American Investor