EMC has recently broken out of a very long (2 yrs) base. Indicators seem to be confirming the move. Next target would be the $24 price point. EMC is currently trading at 18.78
EMC has really expanded their portfolio of products in the last few years. Notable purchases include VMWare (trades as a sep. stock but is around 90% owned by EMC), Document Sciences (premier provider of output solution, Captiva (provider of image scanning and recognition). In addition, EMC rules the space of Enterprise Storage. However, this stock moves pretty slowly. So it would do better as a hold in a long term portfolio than as an options play.
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