Huron Consulting Group Incorporated (HURN) provides consulting services in the United States. Huron serves education, healthcare, pharmaceutical, professional, transportation, telecommunications, financial, electronics, consumer products, energy and utilities, industrial manufacturing, and the food and beverage sectors. The company was founded in 2002 and is headquartered in Chicago, Illinois.

Huron has had several positive news events over the past few months, which included Modern Healthcare ranking the company number 4 on its 2008 list of Largest Healthcare Management Consulting Firms. In addition, Fortune magazine named Huron to its 2008 list of the 100 Fastest-Growing Companies. In December, Huron announced that annual revenues topped $600 million. Also, Huron acquired Nextmove, a Riyadh, Saudi Arabia-based consulting firm, to expand the company's Middle East presence to meet the increasing demand for health and education consulting services in the region.

The company is strong fundamentally with strong sales growth and solid return on equity. The company continues to post record revenue numbers and the forecasts look even better going forward as its international practice has really taken off.

The underlying stock is showing an Elliot Wave-5 buy formation, projecting gains into the $51 per share area. The company has an option market that currently extends out to December 2009. However, keep in mind that the options can be thinly traded at times so the trader needs to employ limit orders if opening up a position.


Figure 1: Daily Elliott Wave-5 Buy Formation for Huron Consulting

(Source: Profit Source)
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Happy Trading.

Jeff Neal
Senior Writer, Options Strategist & Profit Strategies Radio Show Market Correspondent
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