Additional Trading Ideas:
In addition to tonight's new candidate(s), consider these stocks as possible trading ideas and watch list candidates. Some of these may need to see a break past key support or resistance:
F, BECN, SMG, MAR, GIS, STZ, URBN, WFC, JPM, STI, UNM
NEW BULLISH Plays
Delphi Automotive - DLPH - close: 46.33 change: +0.77
Stop Loss: 44.85
Current Gain/Loss: unopened
Entry on May -- at $--.--
Listed on May 14, 2013
Time Frame: 4 to 8 weeks
Average Daily Volume = 2.2 million
New Positions: Yes, see below
Why We Like It:
DLPH is in the auto parts industry. The company reported earnings on May 1st that were 12 cents better than the 95-cent Wall Street estimate. Revenues also beat estimates. The stock has been consolidating sideways the last couple of weeks but investors have been buying the dips. Now shares look poised to break out to new all-time highs.
I am suggesting a trigger to launch bullish positions at $46.75. If triggered our target is $49.75.
FYI: The Point & Figure chart for DLPH is bullish with a $50.00 target.
Trigger @ 46.75
Suggested Position: buy DLPH stock @ (trigger)