NEW BULLISH Plays
Ternium S.A. - TX - close: 31.46 change: +0.86
Stop Loss: 29.90
Current Gain/Loss: unopened
Entry on January -- at $--.--
Listed on January 13, 2014
Time Frame: exit PRIOR to earnings on Feb. 19th
Average Daily Volume = 204 thousand
New Positions: Yes, see below
Why We Like It:
TX is in the basic materials sector. The company manufactures steel products for a number of different industries.
Shares of TX have been outperforming their peers and the broader market over the last few days. The stock is poised for a breakout to new two-year highs. The late December high was $31.64. I am suggesting a trigger to open bullish positions at $31.75. If triggered our target is $35.00 but we will plan on exiting prior to TX's earnings report in February.
Trigger @ 31.75
Suggested Position: buy TX stock @ (trigger)