Monday, 7 February 2011

Stock buy: BIG

Well the theme of the day seems to be very bullish, with strong showing by all indicies. For that reason I initiated a buy in BIG Lots (BIG). This was in a down trend and has reversed its trend in 2011. We have crossed above 200 day moving average and broken out of the bollinger bands.
I'm looking for this to hit around 37, but ofcourse if we have a pullback in the market overall, it may struggle.

Entry: 33.90
Target:37.00
Stop: 30.00

PORTFOLIO

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