PPR - FLT pocket 4/30/13
FLT should trade enough volume for a pocket pivot as it needs to trade 957,200 shares. In such cases, one could start nibbling on a position here. We have reported on FLT in prior reports including FLT's buyable gap up in February 2013. FLT earnings and sales are both accelerating, institutional sponsorship has increased 9 quarters in a row since the company's IPO, and pretax margins are beyond stellar at 52%.
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