NEW BULLISH Plays
Potlatch Corp. - PCH - close: 29.93 change: +0.59 stop: 27.95
Why We Like It:
PCH is a REIT that sells timber on the land it owns. With the global economy slowly improving, demand for timber should be increasing. Shares of PCH look ready to breakout from a three-month consolidation under resistance near $30.00.
I'm suggesting a trigger to buy PCH at $30.30. If triggered our first target to take profits is at $33.60. We will cautiously set a secondary target at $35.75. FYI: The Point & Figure chart is bullish with a $56 target.
Entry on November xx at $xx.xx <-- TRIGGER @
Change since picked: + 0.00
Earnings Date 02/11/10 (unconfirmed)
Average Daily Volume: thousand
Listed on November 11, 2009