NEW BULLISH Plays
Carlisle Companies - CSL - close: 44.01 change: +0.58
Stop Loss: 41.90
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below
Why We Like It:
CSL manufacturers and sells various rubber and plastic construction materials. The stock has been building on a consistent trend of higher lows. Today's show of relative strength is bullish.
I am suggesting we open bullish positions tomorrow morning but only if both CSL and the S&P 500 index open positive. We'll use a stop loss at $41.90 if triggered. Our multi-week target is $49.50.
FYI: The Point & Figure chart for CSL is bullish with a $73.00 target.
NOTE: Options are available but the spreads are too wide to trade.
*See Entry Details Above*
Suggested Position: buy CSL stock @ the open
Entry on November xx at $ xx.xx
Earnings Date 02/07/12 (unconfirmed)
Average Daily Volume = 327 thousand
Listed on November 14, 2011