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3/23/2010 9:00:44 AM Eastern Time

Go Long Varian Semiconductor Equipment Associates Inc. (VSEA)@ $31.45
By Charles Payne, CEO & Principal Analyst

Long Idea: Varian Semiconductor Equipment Associates, Inc. (VSEA) @ $31.45
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Trading Parameters
Entry Price	Entry Limit	Stop Loss	Trading Target	Target	Long-term Target	Options
$31.45	see comments	$28.00	$34.00	$37	N/A	N/A

SKINNY: Go Long Varian Semiconductor Equipment Associates Inc. (VSEA)@ $31.45. The company is a leader in ion implantation equipment. The company used to rate number one in customer satisfaction and had a hot stock to boot. The stock is coming off great support just north of $28.00 and breaks out through $32.00. The company, after a string of earnings misses, posted impressive results recently and the FY consensus is climbing; it’s now at $2.27 per share from $1.92 per share a few months earlier. Our trading targets are $34.00 and $37.00; stop-loss is $28.00.