NEW BULLISH Plays
Delphi Automotive - DLPH - close: 49.39 change: +1.27
Stop Loss: 47.85
Current Gain/Loss: unopened
Entry on June -- at $--.--
Listed on June 06, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.3 million
New Positions: Yes, see below
Why We Like It:
DLPH is in the auto parts industry. The stock has been consistently stair-stepping higher. Shares outperformed the market with a +2.6% gain today. Now the stock looks poised to breakout past resistance near $50.00 and hit new all-time highs.
I am suggesting a trigger to launch bullish positions at $50.25. If triggered our multi-week target is $54.50.
Trigger @ 50.25
Suggested Position: buy DLPH stock @ (trigger)
- (or for more adventurous traders, try this option) -
Buy the Aug $50 call (DLPH1317H50) current ask $2.00