[Buying Clear Channel Communications (CCU)/Day Order/Limit $28.35]
Dear Member:
The radio broadcasting sector has shown some strength over the past week and Clear Channel Communications (CCU) has broken through a resistance both on the daily and on the weekly chart. I like the stock at $28.35 or better on a day order. If filled, my initial exit would be any break below $27.50.
The stock has a current P/E around 22.5 and earnings are expected to be announced October 23rd. Tthe company announced a dividend of 19 cents payable to holders of record on Sept 30 on October 15th.
DISCLOSURE: At the time of publication, I have no position in CCU.
Sincerely,
Bill Kraft
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