Trade of the Day: Brunswick (BC)

BC looks to be in a bullish trend. Take advantage with March calls.

   

Though many retail stores were trading way down this week on disappointing holiday retail sales, the companies making the products those stores sell aren’t doing so badly. In the leisure stock sector, Sirius XM Radio (NASDAQ:SIRI), Mattel (NASDAQ:MAT) and Brunswick (NYSE:BC) are all rated as buys by my Power Stocks system, which searches for volatile, liquid stocks that are poised to make big jumps either up or down.

Brunswick in particular has confirmed its upward trend after a temporary pullback. Such a bounceback is one of the most reliable signals on which to take action.

Recommendation: Buy BC Mar. $31 call options at $1.00 or lower, when the stock price is around $28.10. After entry, take profits if the stock price hits $30.90 or the option price reaches $2.10. Exit if the stock price closes below $26.70 or the option price falls to 60 cents.

InvestorPlace advisor Ken Trester is editor of the popular Maximum Options program. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990.  Try Maximum Options today for 2 months for only $99.


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