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PHH Beats Resistance – Zacks Tale of the Tape

Source: http://www.zacks.com/stock/news/20726/PHH+Beats+Resistance+-+Zacks+Tale+of+the+Tape
 Posted on Wednesday, June 3rd, 2009 | In Market Commentary, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -

PHH Corp. (PHH) broke through a short-term level of resistance at $16.51 this noon after announcing the pricing of a notes offering. The asset-backed offering will help the company repay a part of its loans taken from Chesapeake Funding LLC. PHH is a Zacks#2 Rank (”Buy”) stock. The consensus estimate on the company’s full-year earnings has gone up to $1.28 per share from 19 cents in the last month.

“PHH” Free Stock Analysis: Buy? Sell? Hold?
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