NEW DIRECTIONAL CALL PLAYS

Parker-Hannifin - PH - close: 90.00 change: +0.00

Stop Loss: 88.45
Target(s): 96.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
The stock market might be seeing its upward momentum stall but PH is still building on its bullish trend of higher lows. Shares of this industrial goods stock look poised to breakout past resistance near the $90 area. Today's high was $90.44. More aggressive traders may want to buy calls on a rally past $90.50. I am suggesting at trigger to buy calls at $91.05 with a stop loss at $88.45. Our target is $96.50. FYI: The Point & Figure chart for PH is bullish with a $111 target.

Trigger @ 91.05

- Suggested Positions -

buy the Mar $90 call (PH1217C90) current ask $2.40

Annotated Chart:

Entry on February xx at $ xx.xx
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 1.5 million
Listed on February 22, 2012