Editor’s Note: Due the President’s Day market holiday on Monday, Feb. 16, the next Trade of the Day will be available Tuesday, Feb. 17.

Olin Corp. (OLN) — This manufacturer of alkali products to commercial and industrial markets in the United States and internationally (and owner of the Winchester brand) appears to be making a base.

Following a false breakout in early January, OLN fell to its major support — a triple-bottom at just under $14 where, in the past two days, it has reversed twice scoring a Collins-Bollinger Reversal (CBR) buy signal each time. The stochastic has also issued a buy signal.

The trading target for OLN is $18, but it could be positioned in quality long-term portfolios as a key chemical holding.

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Sam Collins is a registered, fee-based portfolio manager who may be contacted samailc@cox.net. You can also check out an archive of some of his most recent market outlooks by clicking here.