NEW BULLISH Plays

IdaCorp. - IDA - close: 42.95 change: +0.17

Stop Loss: 41.90
Target(s): 45.00
Current Gain/Loss: unopened
Time Frame: exit prior to the early August earnings report
New Positions: Yes, see below

Company Description

Why We Like It:
IDA is an electric utility company headquartered in Boise, Idaho. The stock currently sport a 3.1% dividend yield. Shares have been trending higher and they just closed near new ten-year highs. I want to see some confirmation. The early July high was $43.08.

I am suggesting a trigger to launch positions at $43.15. We'll use a stop loss at $41.90. Our multi-week target is $45.00.

Trigger @ 43.15

Suggested Position: buy IDA stock @ (trigger)

Annotated chart:

Entry on July xx at $ xx.xx
Earnings Date 08/02/12 (unconfirmed)
Average Daily Volume = 217 thousand
Listed on July 11, 2011