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January 24, 2007 Stock Pick: Astea International, Inc. (ATEA)

Stock Price: $6.79

Astea International, Inc. is a global provider of service management software that addresses the unique needs of companies who manage capital equipment, mission critical assets and human capital.

ATEA is forming what is known as a pennant formation. ATEA could either move through its 200-day moving average at $6.98 or drop below its 50-day moving average at $6.27. Both the 50-day and 200-day moving average continue to converge.

We expect ATEA to break through to the upside. For the most recent quarter, the company reported revenue of $6.47 million with net income of $174,000 or $0.05 per share. ATEA has grown revenue during the last three quarters from $3.87 million to $4.52 million to $6.47 million.

There are only 1.80 million shares in the ATEA float. ATEA is trading at a market cap of only $24.24 million.

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