NEW BULLISH Plays
UTi Worldwide Inc. - UTIW - close: 17.59 change: +0.46
Stop Loss: 16.65
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below
Why We Like It:
UTIW is in the freight and supply-chain management industry. The stock has been channeling higher for a few months now. The stock just crossed into the upper half of its channel. The high today was $17.67. I am suggesting small bullish positions if UTIW can trade at $17.75. More conservative traders may want to wait and buy a dip near $17.00 or a close over $18.00 instead.
We want to keep our position size small. FYI: The Point & Figure chart for UTIW is bullish with a $22.00 target.
Trigger @ $17.75
Suggested Position: buy UTIW stock @ (trigger)
Entry on April xx at $ xx.xx
Earnings Date 06/07/12 (unconfirmed)
Average Daily Volume = 443 thousand
Listed on April 17, 2011