NEW BEARISH Plays
Toro Co. - TTC - close: 37.01 change: -0.01 stop: 38.25
Why We Like It:
At first glance TTC might look like a bullish candidate. It's easy to see why. Shares look like they want to bounce from their long-term trendline of higher lows near the rising 100-dma. If there was going to be a bounce this is the spot to look for it. Nimble or more aggressive traders may want to go ahead and try bullish positions.
I think odds are stronger that TTC will breakdown under this support. I'm suggesting a trigger to open bearish positions at $35.75. If triggered our target is $30.50. I am suggesting small positions to limit risk.
Entry on November xx at $xx.xx <-- TRIGGER @ 35.75
Change since picked: + 0.00
Earnings Date 12/08/09 (unconfirmed)
Average Daily Volume: 293 thousand
Listed on November 31, 2009