NEW BULLISH Plays
Intersections Inc. - INTX - close: 19.95 change: -0.16
Stop Loss: 18.95
Current Gain/Loss: unopened
Time Frame: 2 to 4 weeks
New Positions: Yes, see below
Why We Like It:
We were about to buy INTX yesterday thanks to its relative strength but choose to wait and see how stocks fared today instead. INTX managed an intraday bounce near short-term technical support near $19.30. The stock looks poised to rally past the $20.00 mark and make a run at its July highs.
We do want to keep our position size small to limit our risk. I am suggesting bullish positions now but we only want to launch positions if both INTX and the S&P 500 open in positive territory tomorrow.
We'll use a stop loss at $18.95. Our target is $22.50.
buy INTX if both the stock and the S&P 500 open positive tomorrow.
Suggested Position: buy INTX stock
Entry on August xx at $ xx.xx
Earnings Date 08/08/11 (unconfirmed)
Average Daily Volume = 150 thousand
Listed on August 2, 2011