Smokin’ Opportunity in Lorillard Group (LO)
Stock: The Lorillard Group (LO)
Long or Short: Long
Entry Range: $117.30-117.75
Stop-Loss: $113.74
Chart: Bunge Ltd. (BG) Daily
Reason for Trade: Ideal double bottom in place on LO and is showing signs of breaking out of 2-day consolidation in a very impressive manner. There is some resistance at $121 to be aware of, but ultimately I’m looking for a move over the next couple of weeks that will take LO up to $127.
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