ACI Worldwide develops broad line software that facilitates electronic payments. Its products are used by banks, payment processors, merchants, corporations, ATM machines, POS terminals, e-commerce websites, and other transaction endpoints. ACI Worldwide has a network spanning the entire world. Its customers are financial institutions. The growth in the non-cash market as well as increasing digitization of payments provides excellent long-term growth opportunities for ACI Worldwide.
The long-term monthly chart for ACI shows a clear and consistent uptrend. This trend peaked in January 2020 before the price of the stock fell by about 50% over the first 3 months of 2020. During this fall, the price went below an important support-resistance zone at $29 and briefly broke the bottom of the long-term trend as well.
Starting April 2020, the stock bounced back up and has gained 50%. The price recently crossed the support-resistance level at $29 and now looks likely to test the previous peak of 38-39, which is also near the top of the long-term trend. A stop loss can be placed below the low of the August candle at around $26
Positions taken today at $30.74 with stop loss 24% below at $23.27 Short to medium term investors take profit point at $39. Giving a profit of 27%
On the video and images above you will see the reason this stock was selected.
You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.
Once it is time to move the original stop loss up you will see an additional image.