More Upside Ahead For Franklin Resources Inc (NYSE: BEN) Says Market Timer Frank Kollar
September 20, 2006 (FinancialWire) (By Frank Kollar)
Shares of Franklin Resources Inc (NYSE: BEN) have moved sideways this past week after making solid gains so far in September. But the current advance for Franklin Resources, which provides investment management and fund administration services to open-end and closed-end investment companies, institutional accounts and individuals, should still climb higher still over coming days and weeks.
Shares of Franklin Resources should reach $110.80 before any serious profit taking is encountered, and if shares close decisively above $110.80, they could easily run to $119.00 a share in short order.
The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy currently holds a position in Franklin Resources .
Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 bear market, his bearish positions resulted in gains exceeding 100 percent, all achieved by trading trends.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
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