NEW BULLISH Plays
Twenty-First Century Fox, Inc. - FOXA - close: 33.51 change: +0.25
Stop Loss: 32.45
Current Gain/Loss: unopened
Entry on September -- at $--.--
Listed on September 30, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 8.6 million
New Positions: Yes, see below
Why We Like It:
FOXA is a component of the NASDAQ-100 index. The company is an entertainment giant with a cable network and am movie studio. The stock is currently trading inside a long-term up trend. The last few weeks have seen FOXA consolidate sideways below resistance near $34.00 but with a bullish trend of higher lows.
FOXA has been showing relative strength the last few days and shares could see a bullish breakout soon. More aggressive traders may want to launch positions at $33.65 or $33.85. I am suggesting a trigger to buy FOXA at $34.10. If triggered our multi-week (possibly multi-month) target is $37.50.
Trigger @ 34.10
Suggested Position: buy FOXA stock @ (trigger)