August 3, 2010

Stock Pick: Lubrizol (LZ) Going Through 100


Lubrizol (LZ) is one of the strongest stocks, outperforming the majority of US stocks.

I think Lubrizol (LZ) can easily rally to 100 USD per share in a first move, and then breakout to 110-120 USD due to no overhead resistance (this stock is near a all time high).

Trick of the trade:

Buy Lubrizol (LZ) market, place a sell stop at 87.5 (risking 7.5 dollars per share and target 110, representing a 15 dollar per share target)

No comments: