NEW DIRECTIONAL CALL PLAYS
Harman Intl. - HAR - close: 103.11 change: +2.85
Stop Loss: 102.45
Current Option Gain/Loss: Unopened
Time Frame: 4 to 6 weeks
New Positions: Yes, see below
Why We Like It:
HAR is in the consumer goods sector. The company manufacturers audio and infotainment systems for the home, theater, and automobile industries.
The stock has been an outperformer this year thanks in large part to a post-earnings report rally in late January. HAR reported earnings that were 14 cents above the 95-cent estimates. Q4 revenues soared +25.8% to $1.33 billion, which also beat estimates. Management then guided higher for 2014, one of the few companies to offer bullish guidance. The stock soared to new highs on this news. Since the post-earnings pop HAR has managed to maintain its gains. Traders are actually buying the recent dips and HAR is poised to hit new highs.
I am suggesting small positions to limit our risk. The intraday high for HAR is $105.58. I am suggesting a trigger to buy calls at $105.75. If triggered our target is $114.00.
Trigger @ 105.75
- Suggested Positions -
buy the APR $110 call (HAR1419D110) current ask $2.80
Entry on February -- at $---.--
Average Daily Volume = 1.2 million
Listed on February 06, 2014