Yes you heard correctly, it is time for everybody to grab some shares of TWI. It would be cool if that stock actually represented this site, but I’m afraid it doesn’t. Instead it is Titan International (TWI) and it is looking ripe for the picking.
By looking at the 6 month time frame of the chart, we see that it gapped up in late July. That gap came due to great earnings; however, like most gap ups it tends to come back down. That is good for us.
The stock is on a pretty solid uptrend right now, and it looks to be bouncing off one of those trend points. With a breakout past the 10 day moving average (red), I would look to buy at $44.75. The price target would be about 8 points over.
This is meant to be a quick play, so don’t act unless everything falls the way it is suppose to. Also don’t be too greedy.
INO - Check out their free trend analysis of the Titan International