Long Position on AYI @ $67.38 on 12/21/2012 (Rumor)

Acuity Brands (AYI) engages in the design, production, and distribution of lighting solutions and services in North America and internationally.

Its lighting solutions include luminaires, lighting controls, power supplies, prismatic skylights, light-emitting diode lamps, and integrated lighting systems for commercial, institutional, industrial, infrastructure, and residential applications.

The company markets its lighting solutions under various brand names, including Lithonia Lighting, Holophane, Peerless, Mark Architectural Lighting, Hydrel, American Electric Lighting, Gotham, Carandini, RELOC, Antique Street Lamps, Tersen, Winona Lighting, Synergy Lighting Controls, Sensor Switch, Lighting Control & Design, Dark to Light, ROAM, Sunoptics, acculamp, Pathway Connectivity, and Healthcare Lighting. It serves electrical distributors, retail home improvement centers, electric utilities, municipalities, lighting showrooms, and energy service companies; utility distributors; federal, state, and local governments; and professionals, which include business owners, contractors, engineers, architects, and lighting designers. 

Shares are heading higher in an upward "trading channel" and today's market action has brought shares to the lower boundary of the said channel. 

We are now hearing rumors of good news for this company. One of the rumors states that this stock will be named by the leading stock advisory service as one of its "top picks." This service is widely followed by mutual funds and institutional money managers. These investors have portfolios that mimic recommendations of this service. Their naming of the stock should lead to additional demand for the shares.

52-Week Trading Range:  $48.11 - $69.46

Entry Point:  $67.38

Stop Loss:  $64.01

Target Price:  $74.13

Position closed on 1/8/2013 at price of $64.00 with a -5.02% loss in 18 days.

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