Long Position on SPR @ $33.69 on 5/13/2014 (Momentum)

Bullish Flag on SPRSpirit AeroSystems Holdings, Inc. (SPR) operates as a non-original equipment manufacturer (OEM) that designs and manufactures commercial aerostructures worldwide.

It operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems.

The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft OEMs; and provides related spares, as well as maintenance, repair, and overhaul (MRO) services. This segment also offers rotorcraft comprising forward cockpit and cabin.

The Propulsion Systems segment is engaged in the development, production, and marketing of struts/pylons; nacelles, including thrust reversers; and related engine structural components principally to aircraft or engine OEMs, as well as provides related spares and MRO services.

The Wing Systems segment develops, produces, and markets wings and wing components consisting of flight control surfaces; and other miscellaneous structural parts primarily to aircraft OEMs, as well as offers related spares and MRO services. This segment also offers low observables that are radar absorbent and translucent materials; radome new builds and refurbishment; and other military services comprising fabrication, bonding, assembly, testing, tooling, processing, engineering analysis, and training. Spirit AeroSystems Holdings, Inc. serves large commercial airplanes, business and regional jets, and military/helicopter sectors of the aerostructures industry.  

Shares have formed a bullish "flag" following the company's better than expected quarterly report. Higher share prices are expected for this stock.

52-Week Trading Range: $20.55 - $35.89

Entry Point: $33.69

Stop Loss: $32.00

Target Price: $ 37.06   

Updates

5/21/2014 12:14:23 PM

SPR fell below our stop loss. Closed at $31.71

Position closed on 5/21/2014 at price of $31.71 with a -5.88% loss in 8 days.

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