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HRZ None

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Horizon Lines - HRZ - close: 20.98 chg: -1.23 stop: 18.99

Company Description:
Horizon Lines, Inc. is the nation's leading domestic ocean shipping and integrated logistics company comprised of two primary operating subsidiaries. Horizon Lines, LLC operates a fleet of 21 U.S.-flag containerships and 5 port terminals linking the continental United States with Alaska, Hawaii, Guam, Micronesia and Puerto Rico. (source: company press release or website)

Why We Like It:
HRZ soared last week fueled by better than expected earnings news on February 1st. The bullish trend of higher lows finally produced a breakout over resistance at $20.00. This broken resistance should be new support. We are suggesting readers try and buy a dip. Our suggested entry point is a pull back into the $20.35-20.00 zone. We're suggesting a stop loss at $18.99 but more conservative traders could try a tighter stop loss. If triggered at $20.35 our target is the $24.00-25.00 range. Watch the 100-dma as potential overhead resistance. The Point & Figure chart is bullish with a triple-top breakout buy signal and a $30 target.

Picked on February xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 02/01/08 (confirmed)
Average Daily Volume: 887 thousand
 

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