Susser Holdings - SUSS - close: 18.84 change: +0.38

Stop Loss: 17.30
Target(s): 21.75
Current Gain/Loss: unopened
Time Frame: 4 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
SUSS runs a regional chain of convenience stores and fuel stops. The stock has a very, very small float of only 7.75 million shares and the average daily volume is less than 90 thousand a day. That alone makes me a little nervous trading the stock. Yet SUSS has been showing impressive relative strength.

Thursday saw SUSS bounced from the $18.00 level and rally to a +2.0% gain on volume nearly twice the norm. That's normally a bullish signal. I am suggesting very small bullish if and only if both SUSS and the S&P500 index both open positive tomorrow morning. If triggered we'll use a stop loss at $17.30, which is a little wide and another reason why we want to keep our position size small.

FYI: The Point & Figure chart for SUSS is bullish with a $28.50 target.

If SUSS and S&P500 both open positive tomorrow morning, then open positions.

Suggested Position: buy SUSS stock @ open

Annotated chart:

Entry on August xx at $ xx.xx
Earnings Date 11/09/11 (unconfirmed)
Average Daily Volume = 88.5 thousand
Listed on August 18, 2011