Long Position on THRM @ $19.40 on 6/17/2013 (Momentum)

Gentherm Incorporated (THRM) develops and markets thermal management technologies for a range of heating and cooling, and temperature control applications worldwide.

Its automotive products include actively heated and cooled seat systems and cup holders, heated and ventilated seat systems, thermal storage bins, heated seat and steering wheel systems, cable systems, and other electronic devices.

The company offers its products for automobile and truck original equipment manufacturers, Tier 1 suppliers, and other industries; and customer groups related to seat heating equipment for the automotive aftermarket, ski lifts, and sports stadiums.

In addition, it is developing materials for thermoelectric and systems of waste heat recovery and electrical power generation for the automotive market that also have applications for consumer products, as well as industrial and technology markets.

Shares have formed a bullish "cup and handle" and are in the process of moving higher out of this formation.

52-Week Trading Range: $10.06 - $19.64

Entry Point: $19.40

Stop Loss:  $18.40

Target Price: $21.35

Updates

6/21/2013 9:37:23 AM

THRM fell through stop loss. The positon was closed at $18.34.

Position closed on 6/21/2013 at price of $18.34 with a -5.46% loss in 4 days.

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