NEW BULLISH Plays
Exterran Holdings, Inc. - EXH - close: 33.00 change: +0.46
Stop Loss: 31.90
Current Gain/Loss: unopened
Entry on November -- at $--.--
Listed on November 19, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 900 thousand
New Positions: Yes, see below
Why We Like It:
EXH is in the basic materials sector. The company operates in the oil & gas services industry. You will notice the big rally on November 5th on EXH's daily chart. That was a reaction to its earnings report. EXH beat bottom line estimates by 10 cents but missed Wall Street's revenue estimate. There has been almost no post-earnings profit taking. Investors have pushed EXH past potential resistance at its July and August 2013 highs near $32.00. The last few days have seen EXH hit multi-year highs not seen since mid 2008.
The stock was showing relative strength again today with a +1.4% gain. I am suggesting a trigger to launch bullish positions at $33.35. If triggered we will aim for $36.50 over the next several weeks.
Trigger @ 33.35
Suggested Position: buy EXH stock @ (trigger)