NEW BULLISH Plays
Acadia Healthcare - ACHC - close: 34.95 change: +0.72
Stop Loss: 32.99
Current Gain/Loss: unopened
Entry on June -- at $--.--
Listed on June 10, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 273 thousand
New Positions: Yes, see below
Why We Like It:
ACHC is in the specialized healthcare industry. The stock has been a consistent winner with investors buying dips to the 10, 20, and 30-dma. When ACHC reported earnings in early May they raised their guidance. Now, after a brief pullback, ACHC is poised to breakout past resistance near $5.00 and hit new multi-year highs.
Please note that ACHC is not a very fast moving stock. We will need to exercise some patience with this trade. I am suggesting a trigger to launch positions at $35.15. If triggered our target is $38.50.
FYI: Do not confuse this trade Acadia Healthcare (ACHC) with ACADIA pharma (ACAD).
Trigger @ 35.15
Suggested Position: buy ACHC stock @ (trigger)