NEW BULLISH Plays
Sonoco Products - SON - close: 30.31 change: +0.30 stop: 28.49
Why We Like It:
SON produces industrial and consumer packaging products. Shares broke out over significant resistance near $30.00 this past week. The move looks like a new entry point to open bullish positions. I'm suggesting new positions now with a stop loss at $28.49. Our first target is $34.50. Our time frame is several weeks.
FYI: The Point & Figure chart is bullish with a $42.50 target.
Entry on December 26 at $30.31
Change since picked: + 0.00
Earnings Date 02/04/10 (unconfirmed)
Average Daily Volume: 343 thousand
Listed on December 26, 2009