Online Resources Corporation (Public, NASDAQ:ORCC)

If this stock can trade above the short term resistance at 13.45 it looks to me like it will break out on the weekly timeframe too. A stop below the rising 50 day MA and the recent low near 12.45 looks reasonable. If the upside builds here, the shorts should have a difficult time covering their position.





Online Resources Corporation provides outsourced, Web-based financial technology services branded to over 2,600 financial institution, biller, card issuer and creditor clients. With four business lines in two primary vertical markets, the Company serves over 9 million billable consumer and business end-users. End-users may access and view their accounts online and perform various Web-based, self-service functions. They may also make electronic bill payments and funds transfers, utilizing its real-time debit architecture, Automated Clearing House and other payment methods. The Company also provides professional services, including software solutions, which enable various deployment options, a range of customization and other services. As of December 31, 2006, it derived 10% of its revenues from account presentation, 70% from payments, 10% from relationship management and 10% from professional services, custom software solutions and other revenues