NEW BULLISH Plays
The Toro Company - TTC - close: $68.54 change: +1.30
Stop Loss: 65.75
Current Gain/Loss: unopened
Time Frame: 4 to 8 weeks
New Positions: Yes, see below
Why We Like It:
TTC is best known for its turf maintenance equipment. While spring is officially still about two weeks away it looks like investors are already looking toward warmer weather. The stock has been making strong gains the last few weeks. Today's action is a breakout to new record, all-time highs.
I am suggesting we launch bullish positions at the open tomorrow but only if both TTC and the S&P 500 index open positive. If our trade opens we will target a move to $74.00 and we'll start with a stop loss at $65.75.
FYI: The Point & Figure chart for TTC is bullish with a $79.00 target.
Do not enter position unless TTC and the S&P 500 are both positive at the open
Suggested Position: buy TTC stock @ (the open)
Entry on March xx at $ xx.xx
Earnings Date 05/21/12 (unconfirmed)
Average Daily Volume = 330 thousand
Listed on March 08, 2011