NEW BULLISH Plays
Netgear Inc. - NTGR - close: 40.83 change: +0.72
Stop Loss: 38.90
Current Gain/Loss: unopened
Entry on January -- at $--.--
Listed on January 28, 2012
Time Frame: Exit prior to earnings on Feb. 12th
Average Daily Volume = 218 thousand
New Positions: Yes, see below
Why We Like It:
Shares of this technology company displayed relative strength today with a +1.8% gain. The stock spent almost a month consolidating sideways in the $38-40 zone. Now NTGR is breaking out past major resistance at the $40.00 level.
I am suggesting small bullish positions now at the open tomorrow. We'll start with a stop loss at $38.90 Our target is $44.50 but we will plan on exiting prior to earnings on Feb. 12th. We want to keep our position size small to limit our risk.
Suggested Position: buy NTGR stock @ (the open)