NEW BULLISH Plays
Waste Connections - WCN - close: 43.92 change: +0.18
Stop Loss: 42.99
Current Gain/Loss: unopened
Entry on August -- at $--.--
Listed on August 26, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 336 thousand
New Positions: Yes, see below
Why We Like It:
WCN is in the waste management industry. The stock is in a long-term up trend with investors buying the dips near its rising 50-dma. The current bounce from support has pushed WCN back toward resistance near $44.00. The stock has been trying to breakout past $44 since mid July. If WCN can rise past this level we could see the stock make a run towards the $48-50 zone.
We are suggesting a trigger to open bullish positions at $44.25. If triggered our multi-week target is $48.00.
Trigger @ 44.25
Suggested Position: buy WCN stock @ (trigger)