NEW BEARISH Plays

Titanium Metals - TIE - close: 12.37 change: -0.43

Stop Loss: 13.05
Target(s): 11.00
Current Gain/Loss: unopened

Entry on October xx at $ xx.xx
Listed on October 3, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.5 million
New Positions: Yes, see below

Company Description

Why We Like It:
The September rally in TIE is reversing. Shares tried to hold support near $12.50 and its 50-dma and 150-dma but it didn't last. TIE underperformed the market with a -3.3% decline today.

I am suggesting small bearish positions at the open tomorrow with a stop loss at $13.05. Our target is $11.00.

*Small Positions*

Suggested Position: short TIE stock @ (the open)

Annotated chart: