Time Warner Inc. - TWX - close: 38.92 change: +0.19

Stop Loss: 37.90
Target(s): 42.50
Current Gain/Loss: unopened
Time Frame: exit prior to the early August earnings report
New Positions: Yes, see below

Company Description

Why We Like It:
TWX is a huge media company. The stock has rallied to significant resistance near $39.00 and looks poised to breakout. The 2012 February high was $39.24. I am suggesting a trigger to open bullish positions at $39.35. If triggered our multi-week target is $42.50 but that's probably too optimistic since we'll plan to exit prior to the early August earnings report (unconfirmed). More aggressive traders could risk holding over the announcement. FYI: The Point & Figure chart for TWX is bullish with a $50 target.

Trigger @ 39.35

Suggested Position: buy TWX stock @ (trigger)

- or -

buy the Aug $38 call (TWX1218H38) current ask $1.55

Annotated chart:

Weekly chart:

Entry on July xx at $ xx.xx
Earnings Date 08/01/12 (unconfirmed)
Average Daily Volume = 6.0 million
Listed on July 18, 2011