Long Position on AL @ $28.98 on 3/22/2013 (Momentum)

Air Lease Corporation (AL) engages in the purchase and leasing of commercial aircraft to airlines worldwide.

The company also provides fleet management and remarketing services. As of December 31, 2012, it had a fleet of 155 aircraft comprising 118 single-aisle narrowbody jet aircraft, 27 twin-aisle widebody jet aircraft, and 10 turboprop aircraft.

The Company operates its business on a global basis, providing aircraft to airline customers in geographical region, including Asia, the Pacific Rim, Latin America, the Middle East and Eastern Europe. As of December 31, 2011, it has entered into leases and future lease commitments with airlines in Australia, Belarus, Brazil, Bulgaria, Canada, China, Colombia, the Czech Republic, Ethiopia, France, Germany, India, Indonesia, Ireland, Italy, Japan, Kazakhstan, Kenya, Malaysia, Mexico, Mongolia, the Netherlands, New Zealand, Norway, Russia, South Africa, South Korea, Spain, Sri Lanka, Thailand, Trinidad & Tobago, Turkey, United Arab Emirates, the United Kingdom, the United States and Vietnam. It provides fleet management and remarketing services to third parties for a fee. 

Shares are heading higher in a bullish "cup & handle" and are expected to break to the upside.

52-Week Trading Range:  $18.45 - $29.87

Entry Point:  $28.98

Stop Loss:  $27.53

Target Price:  $31.88

Updates

4/3/2013 12:52:58 PM

We lost AL to the down side. Position was closed at $27.50

Position closed on 4/3/2013 at price of $27.50 with a -5.11% loss in 12 days.

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