In addition to tonight's new candidate I found a few more that caught my eye. Readers may want to check out these stocks as potential bullish trades: MCF, LFUS, and CRDN.
NEW BULLISH Plays
ZOLL Medical Corp. - ZOLL - close: 46.66 change: +0.85
Stop Loss: 43.95
Target(s): 49.80, 53.50
Current Gain/Loss: + 0.0%
Time Frame: 8 to 10 weeks
New Positions: Yes, see below
Why We Like It:
ZOLL is a medical device and software company. Shares have been stair stepping their way higher. Traders just bought the dip again near new support at prior resistance near $44 and its 30-dma. This bounce looks like an entry point to launch bullish positions. Our targets are $49.80 and $53.50 (with a multi-week time frame). I am suggesting positions now with a stop loss at $43.95. More conservative traders might want to use a stop closer to $44.75.
FYI: The Point & Figure chart for ZOLL is bullish with a $55 target.
ZOLL does have options but the spreads are too wide.
Suggested Position: Buy ZOLL stock @ current levels
- or -
Entry on March 4 at $xx.xx
Earnings Date 04/28/11 (unconfirmed)
Average Daily Volume: 180 thousand
Listed on March 3rd, 2010