Manitowoc Company - MTW - close: 30.98 change: +0.55

Stop Loss: 29.95
Target(s): to be determined
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 16, 2014
Time Frame: 2 to 3 weeks
Average Daily Volume = 2.1 million
New Positions: Yes, see below

Company Description

Why We Like It:
MTW is in the industrial goods sector. The company sells cranes and foodservice equipment. MTW has been a strong performer with a rally off its November lows in 2013. The last four weeks look like a rather mild correction in the stock, which gives investors a chance to jump on MTW's momentum train.

MTW displayed relative strength today with a +1.8% gain and looks poised to breakout past short-term resistance at $31.00. I am suggesting a trigger to open bullish positions at $31.15. Odds are this will only be a two or three week trade. MTW's earnings are expected at the very end of April or early May. We will plan to exit prior to the announcement. No official date has been set.

Trigger @ $31.15

Suggested Position: buy MTW stock @ (trigger)

- (or for more adventurous traders, try this option) -

Buy the May $30 call (MTW1417E30) current ask $2.00

Annotated chart: