NEW BEARISH Plays
Brunswick Corp - BC - close: 34.30 change: -0.90
Stop Loss: 35.30
Current Gain/Loss: unopened
Entry on March -- at $--.--
Listed on March 12, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 786 thousand
New Positions: Yes, see below
Why We Like It:
BC is a recreational goods giant. Unfortunately it looks like the fun for investors is about to run out. BC's rally peaked about three weeks ago in mid February. Shares had hit overbought conditions. Now we're seeing the stock start to correct lower. BC is nearing potential support at its 50-dma near $34.00.
I am suggesting a trigger to launch bearish positions at $33.90. If triggered our target is $30.30.
Trigger @ 33.90
Suggested Position: short BC stock @ (trigger)