NEW BULLISH Plays
Netnet, Inc. - NNI - close: 35.45 change: +0.81
Stop Loss: 34.75
Current Gain/Loss: unopened
Entry on May -- at $--.--
Listed on May 13, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 68.7 thousand
New Positions: Yes, see below
Why We Like It:
NNI is in the financial sector. They provide educational services for millions of consumers regarding loan servicing and payment processing, education planning and asset management. The stock is currently hovering at multi-year highs near $35.50, which has been resistance since early March. A bullish breakout here should signal the next leg higher.
I do want to urge traders to keep their position size small. NNI does not trade a lot of daily volume. Tonight we are suggesting a trigger to open small bullish positions at $35.75. If triggered our target is $39.50.
Trigger @ 35.75 *small positions*
Suggested Position: buy NNI stock @ (trigger)