NEW BEARISH Plays
Oshkosh Corp. - OSK - close: 35.68 change: -1.19 stop: 37.51
Why We Like It:
OSK makes trucks and specialty vehicles. After a stellar run off the 2009 lows shares are starting to breakdown. Today's decline broke a multi-month trendline of support and left shares clinging to technical support at the 100-dma. If this market continues lower I believe OSK will fall under this moving average and begin a new larger correction lower.
I'm suggesting a trigger to open bearish positions at $35.25. If triggered our first target is $30.25. Our time frame is only a few days. OSK reports earnings on Jan. 28th and we do not want to hold over the announcement.
Entry on January xx at $xx.xx <-- TRIGGER @ 35.25
Change since picked: + 0.00
Earnings Date 01/28/10 (confirmed)
Average Daily Volume: 977 thousand
Listed on January 20, 2009