NEW BULLISH Plays
Lannett Company, Inc. - LCI - close: 34.53 change: +1.11
Stop Loss: 32.75
Current Gain/Loss: unopened
Entry on January -- at $--.--
Listed on January 09, 2014
Time Frame: exit PRIOR to earnings in early February
Average Daily Volume = 261 thousand
New Positions: Yes, see below
Why We Like It:
LCI is in the healthcare sector. The company makes generic drugs.
The stock was a huge performer in 2013. The latest earnings report was bullish with better than expected results and management guiding higher for 2014. Now we see LCI hitting new highs after a two-week sideways consolidation. This could be our chance to catch the next leg higher.
Today's high was $34.94. I am suggesting a trigger to open bullish positions at $35.15. If triggered our target is $39.50. However, we will plan on exiting prior to LCI's earnings report in early February (no date confirmed yet).
Trigger @ 35.15
Suggested Position: buy LCI stock @ (trigger)