Joel Kruger suggests this interesting Equities in his section Equities of interest :
Western Union Co. (NYSE: WU)
There is no question, you will need to do you homework with this one on the fundamental side of things. For this pick, I am purely talking technicals. The technical picture offers a dream contrarian scenario for a reversal opportunity. The latest pullback has resulted in a violent drop in daily readings, with the RSI tracking at an unthinkable 13. Meanwhile, the market has stalled for now in the $12.50 area, which represents the 78.6% fib retracement off of the major 2009 low to 2012 high move. Perhaps there could be some value in taking a shot at current levels. The only other thing to be concerned with right now is the broader equity outlook still points lower for US stocks. So bottom line….if you are feeling brave…might be worth a shot.
