Highlights / Stock Picks of the Day - Willowglen MSC ("WILLOW") – Not Rated

WILLOW's share price has been inching up since August 2012, underpinned by a string of contract wins between October-December. The music did not stop there, and the company announced recently (25 Feb) that its FY12 net profit had risen 81% from a year earlier. It wasn't until yesterday that the share price really surged. At the close, the share price was up 4 sen at 42 sen which resulted in a uptrend channel breakout. Trading volume was equally as explosive, and the key indicators suggest that buying momentum would likely continue in the coming weeks. overhead resistance would likely be present at 44.5 sen and 46 sen while downside support is provided at 38.5 sen.

Source: Kenanga