NEW BULLISH Plays
AudioCodes Ltd. - AUDC - close: 5.59 change: +0.09
Stop Loss: 5.29
Current Gain/Loss: unopened
Entry on August -- at $--.--
Listed on August 15, 2013
Time Frame: 4 to 8 weeks
Average Daily Volume = 229 thousand
New Positions: Yes, see below
Why We Like It:
AUDC is in the communication equipment industry. They focus on Voice over IP related products.
AUDC has spent the last few days consolidating sideways in the $5.30-5.50 zone. Today the stock was showing relative strength with a +1.6% gain and a new two-year high.
We are suggesting small bullish positions if AUDC can trade at $5.65. If triggered our multi-week target is $6.25.
FYI: The Point & Figure chart for AUDC is bullish with a $10 target.
Trigger @ 5.65
Suggested Position: buy AUDC stock @ (trigger)