NEW BULLISH Plays
CareFusion Corp. - CFN - close: 38.52 change: +0.63
Stop Loss: 37.25
Current Gain/Loss: unopened
Entry on July -- at $--.--
Listed on July 11, 2013
Time Frame: 3 to 6 weeks
Average Daily Volume = 1.7 million
New Positions: Yes, see below
Why We Like It:
CFN makes medical equipment and supplies. The stock has been slowly but surely marching higher as investors buy the dips. Now shares are breaking out past resistance to hit new all-time highs.
Today's high was $38.64. I am suggesting a trigger to launch new bullish positions at $38.75. If triggered our target is $42.50 but we will plan on exiting prior to the company's earnings report in early August.
Trigger @ 38.75
Suggested Position: buy CFN stock @ (trigger)