Being a leader is always helpful when you need to sell a product to another big company. It brings you credibility and also an hedge on closing the sale. SAP is offering all-in-one and specific computer program adapted to the clients' industries for managing project and running a business. The Germany-base software company is known as having the more effective softwares in the market. Here in Canada, they are in many governmental organizations and the program suite is known for professionalism. However, the main reason why I rate this stock as a buy is that since February the price is going higher and we are now in a pull back. When looking at a daily on year chart, you see that just after the stock pulled back has been the best times to buy the thing. I see a strong resistance at around 60, which is not something I look for in a long but, the buyers have been pushing the price higher since February and I feel they will push it through it.
$55.94 (08/30/08)
