CMS is a leading print and marketing communication services company for Cheques, Customer Statements, Salary Slips and Mailshots. This has been a profitable and simple business for a long time, though margins have always been pretty tight. Is the market leader to deliver the best economies of scale.

Has 4 divisions with Technology and Services the best on margins, is growing fast despite the recession and introducing high margin business at the same time, though margins have fallen they are still 29% compared with circa 14% for Transactional and 1% for the other 2 divisions.

Financial Highlights - Year ended 31 December 2009
Operating profit before exceptional items of GBP7.2m (2008: GBP15.0m)
Positive second half operating cashflow of GBP7.5m (H1: outflow of GBP6.3m)
Year end net debt of GBP16.8m (H1 2009: GBP24.8m, Year end 2008: GBP13.1m)
Improvement made to the profile of Group pension liabilities
Earnings per share 2.3p (2008: 6.2p)
Final dividend of 0.43p making full year 2009 dividend of 1.29p (2008: 2.495p)

Strong Management: Andy Blundell the CEO in the company since Jan 2008 having worked in the industry for 28 years with De La Rue and BemroseBooth.
4 Directors buying large after the last results

CMS looked undervalued at this point 16p, considering the P.E. is 5, the yield 8%, and for the last couple weeks the chart is looking much better as the shares are now in an UPTREND.

Intraday
3 month Candlestick with 50 days Moving Average

4 month candkestick with Indicators ad support /resistance
6 month Bollinger Bands,RSI, S Stochastic and 20 days MA

Charts - 5 days

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Moving well ahead now on a narrow spread 19 - 19.25p +2.25p

Some one is accumulating and ready to pay 19p for stock "
The bying order is place on the order book with 50K at 19p, already 45K and 50K as AT" has been taken.

Do not forget that buying on the order book is at bid price

Re - GAP

To Fill or Not to Fill
When someone says that a gap has been "filled", that means that the price has moved back to the original pre-gap level.

Implication
Gaps usually represent important areas of support or resistance. A Gap Up will indicate different situations based on the context in which it was formed. A Gap Up in an uptrend may indicate a previous level of resistance has been broken and now forms a support level. Gaps provide an indication of a financial instrument's SHORT-TERM outlook.

GAP glossary
http://stockcharts.com/help/doku.php?id=chart_school:glossary_g