CGI is an IT company based in Canada that delivers end-to-end IT outsourcing services for communications, financial, government, health and other industries. Seems like very stable company from funadamental point of view: large capitalization, not overvalued, debt to equity is okay and short float is low (a little people betting on short side). But the main concern that this bussiness can not grow forever. Strategy is to grow through acquisitions and now they are pretty expansive.
The price came off from the highs $49.50, broke its mid-term trend and now seems ready for another wave of selling.
I got in early (with lower risk than usual) on break of consolidation support at $44.95. And will add to my normal size position on break of previous low at $43.60 with measured target at $40