NEW BULLISH Plays
BE Aerospace Inc. - BEAV - close: 38.76 change: -0.26
Stop Loss: 36.40
Current Gain/Loss: +0.0%
Time Frame: 6 to 8 weeks
New Positions: Yes, see below
Why We Like It:
Aerospace and defense-related names have been showing relative strength in January. Traders just bought the dip in BEAV near $38.00 today and the intraday bounce looks like a new bullish entry point. I'm suggesting small bullish positions now with a stop loss at $36.40. BEAV has some resistance in the $43.50-44.00 zone so we'll set our target at $43.40.
FYI: The Point & Figure chart for BEAV is bullish with a $44.00 target.
Open small bullish positions now.
Suggested Position: BEAV stock @ current levels
- or -
Buy the 2011 February $40.00 calls (BEAV1119B40) current ask $1.40
Entry on January 11 at $xx.xx
Earnings Date 02/01/11 (unconfirmed)
Average Daily Volume: 542 thousand
Listed on January 10th, 2010