Ticker: WU - Western Union Company (NYSE)

This is a pretty interesting stock that I’ve been watching for several months and looking for specific buy and sell points.

The 52 Week Average: 17.96 - 23.99
The Average Volume: 4,961,190
1y Target Est: 26.18

If you look at the charts, WU has been rumbling around in this range for a year now and has had some excellent entry and exit point is you know when to hold and when to sell. The current movement puts this one at a buy in my opinion even though it appears to have hit a high and might follow on a downward trend.

Western Union Chart

One of the key factors for me with WU is the volume at which it has been trading and it’s history of hitting volume “spikes” that lend to it’s movement in a rather volatile pattern over a few days events.

Right now, I’d say this one is a strong buy when it crosses back down under the 21 per share range. (which it will probably do early next week because we can expect to see some more falling back in the market, so I will be watching WU for my strike price of 21 per share.

In my opinion the chrts show that WU is headed for a breakout into a higher trading range and many forecasters are predicting a growth etimate of 13.5% over the next year while the industry estimate for similar companies is 19.3% over the next year which shows that this is a particularly high growth sector.

Company Details
The Western Union Company provides a range of money transfer and bill payment services worldwide. It offers various consumer-to-consumer money transfer services, primarily through a network of third-party agents using multi-currency and real-time money transfer processing systems. Its consumer-to-consumer money transfer services primarily include walk-in money transfer services, online money transfer services, and telephone money transfer services.

Sector: Services
Industry: Personal Services
Full Time Employees: 5,900

Western Union Co.
12500 East Belford Avenue
Englewood, CO 80112
United States - Map
Phone: 866-405-5012
Fax: 720-332-4753
Web Site: http://www.westernunion.com

My Reasons for Watching WU
We all know Western Union is a leading money transfer service with locations worldwide. Their chief competitors are Moneygram, Paypal and the US Postal Service. That’s some heavy competition to be in league with. Western Union has been in business for over 150 years with more than 245,000 Western Union Agent locations in over 200 countries and territories. My chief interest in this stock is that with the flailing econmy and the ever increasing number of immigrants to the US who are wiring money back home, Western Union’s services are only going to be in higher demand. The company has had a history of turning profits especially during poor economic times or durinf times of political unrest and war. With the current economic conditions it’s only logical that the company’s business will continue to increase and they will continue to establish more locations and agents worldwide in the coming year.

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