3SOF

We traded CYBS a couple of times recently with quick technical setups and I like CYBS for being a very «technical» stock.

Right now, CYBS is performing a well defined Head & Shoulders pattern, not yet triggered.
The neckline level is near $8.70 and if triggered I expect a huge dip, the stock is still neutral, but its showing weakness.

I'm monitoring CYBS for a possible short right now, 2 possible trading plans:
1-   Short CYBS now (before the signal), using a stop at $10.10 above 2nd H&S Shoulder, expecting it to break the neckline at $8.70. If CYBS approaches the neckline I would move the stop down to the entry level and let it run.
2-   Wait for a confirmed signal, Selling CYBS short if it breaks the neckline level ($8.70) on close, a stop could then be set a few % above the neckline level, and a reasonable target would be below $7.00

If CYBS prints any price above $10.10, this «draft» goes directly to the trash can, since it would erase the H&S pattern from the chart.

Regards,

Break-out after earnings and upgrade

CYBERSOURCE CORP (CYBS.O: Quote, Profile, Research): * Third quarter GAAP earnings per
share $0.01 * Third quarter non-GAAP earnings per share $0.09 *
Forecasts fourth quarter GAAP earnings per share $0.04 *
Forecasts fourth quarter non-GAAP earnings per share $0.12 *
Forecasts fiscal year 2007 GAAP earnings per share $0.08 *
Forecasts fiscal year 2007 non-GAAP earnings per share $0.36 *
Third quarter revenue $26.5 million * Forecasts fourth quarter
revenue $31.5 million * Reuters Estimates third quarter
earnings per share view $0.06, revenue view $23.82 million *
Reuters Estimates fourth quarter earnings per share view $0.12,
revenue view $29.55 million * Reuters Estimates fiscal year
2007 earnings per share view $0.35, revenue view $98.12
million

Very nice recovery after Friday's late day sell-off

On the move again.

update