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Valassis Communications (VCI) shares may be set up for a rally


VCI up 85% for the year

Valassis Communications (VCI) shares may be set up for a rally.

 Valassis Communications is one of the country’s leading marketing services companies. It operates primarily in four segments: Shared Mail, Neighborhood Targeted, Free-standing Inserts and International Digital Media.

 The stock has been a very strong performer, up 85% so far this year. On April 29th Valassis reported first quarter earnings that were much higher than analysts estimates. After the quarter, Zacks Investment Research raised its current year earnings estimates for Valassis to $1.86 a share from $1.79.

 Out of  the 264 industries it follows Zacks ranks Valassis as the top-rated company in the 5th ranked industry. It recommends the stock as a strong buy.

 However, the stock has sold off sharply over the last eight days and we think on a short-term basis it’s oversold enough to be good for a rally that may test the June highs around $38 a share. VCI closed today at 33.85. That’s a good entry price with a short-term target of 38.61.

 For more information visit Grail Investing at grailinvesting.com.

 Note: GrailInvesting.com and all services provided on its web site are for educational purposes only. Nothing contained within its Web site should be interpreted as a recommendation to purchase, sell or hold any security at any time. Always consult with an investment advisor familiar with your financial goals before making any investment or trading decisions.

 

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