Rockwell Collins - COL - close: 53.30 change: +1.07 stop: 55.26

Why We Like It:
Trading in COL has been mirroring the action in the defense-sector indices (the DFI and the DFX). All of which have broken their up trend and are now correcting. I am not convinced the oversold bounce in COL is over yet. The $55.00 level and its 50-dma should be overhead resistance. I'm suggesting we open bearish positions on a bounce to $54.50. We'll use a tight stop at $55.26. If triggered our first target is $50.25. More aggressive traders may want to aim for the 200-dma currently near $48.00. Our time frame is less than three weeks.

Annotated chart:

Entry on  February xx at $xx.xx <-- TRIGGER @ 54.50
Change since picked:     + 0.00   			
Earnings Date          04/28/10 (unconfirmed)    
Average Daily Volume:       834 thousand
Listed on  February 09, 2009