Thursday, April 04, 2013

ECS Heading To Cloud Nine

ECS is a leading ICT distributor. It is a small-cap stock with zero borrowings and plenty of cash in hand. The stock has all along been very quiet, but in the last few days, interest in the counter has picked up. This is clearly displayed in the above chart. Volume has also picked considerably.

The recent announcement that ECS is partnering IBM to provide cloud services, and an earlier announcement that the company has inked a deal with CA Technologies to distribute CA Technologies data management solutions are probably the reason that causes demand for the stock.

Going by the chart, the stock is likely to move up more.