SPX Corp. - SPW - close: 69.87 change: +1.96

Stop Loss: 68.35
Target(s): 74.75
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
SPW displayed relative strength today with a +2.8% gain. Furthermore the stock is in the process of breaking out past major resistance at $70.00 and its 200-dma. I want to see a little more confirmation. Thus I am suggesting a trigger to buy calls at $70.25. Our target is $74.75.

Trigger @ 70.25

- Suggested Positions -

buy the Dec $75 call (SPW1222L75) current ask $1.00

Annotated Chart:

Entry on November xx at $ xx.xx
Average Daily Volume = 500 thousand
Listed on November 5, 2012