Long Position on LEA @ $125.50 on 12/1/2015 (Momentum)

Bullish Cup and Handle on LEALear Corporation (LEA) designs, develops, engineers, manufactures, assembles, and supplies automotive seating, electrical distribution systems, and related components primarily to automotive original equipment manufacturers worldwide.

It operates through two segments, Seating and Electrical.

The Seating segment provides seats and related components, such as seat structures and mechanisms, seat trim covers, seat foam, headrests, seat frames, recliner mechanisms, and seat tracks primarily for automobiles and light trucks, compact cars, and sport utility vehicles.

The Electrical segment provides electrical distribution systems and components for traditional powertrain vehicles, as well as for hybrid and electric vehicles. This segment’s products include wiring harnesses, terminals and connectors, junction boxes, battery chargers, electronic control modules, and wireless control devices; passive entry systems, remote keyless entry, and dual range/dual function remote keyless entry systems; lighting control modules; LED lighting control systems for the vehicle interior and exterior; and amplifiers and vehicle sound systems. 

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

52-Weeks Trading Range: $89.33 - $126.70

Entry Point: $125.50

Stop Loss: $119.00

Target Price: $138.05 

Updates

1/27/2016 12:13:54 PM

LEA closed at $103.70

Position closed on 1/27/2016 at price of $103.70 with a -17.37% loss in 57 days.

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