Pentair Inc. (NYSE: PNR) — This diversified industrial manufacturer makes products and systems used in the movement, storage and treatment of water, and also manufactures custom enclosures that house sensitive electronics.

Recently, PNR was upgraded by several research firms that raised the price target to $44. From $39.48 to $44 may not seem like much of a move, but this is the first positive series of recommendations for this stock and research firms are often timid with new ideas. The chances are that since this stock, which is in a very hot sector (water), will attract new research are revised objectives will follow. That makes this stock an attractive long-term hold.

Technically, PNR is in a powerful bull trend and recently broke from a double-top that yields a trading objective of $43. This is a “trader’s target” that might be quickly achieved. Note the strong buying volume coupled with increasing momentum.

Traders should buy the PNR May 40 Calls at $1.15 or less with a target of $3.50. If the expected move occurs, this trade could result in a 200% profit in a matter of days.

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net.