Long Position on STS @ $17.95 on 10/18/2016 (Momentum)

Bullish Cup & Handle on STSSupreme Industries, Inc. (STS) manufactures and sells truck bodies, trolleys, and specialty vehicles in the United States.

It operates through two segments, Specialized Commercial Vehicles and Fiberglass Products.

The company offers Signature van bodies for dry-freight transportation; Iner-City cutaway van bodies for various commercial applications; Spartan service bodies for job-site protection from the weather; and Spartan cargo vans for moving up from a traditional cargo van into the truck body category.

It also provides Kold King insulated van bodies for temperature controlled hand-load or pallet-load applications, as well as to distribute fresh and frozen products; and stake bodies for agricultural and construction industries transportation needs.

In addition, the company offers armored SUVs with armored protection against hostile fire; armored trucks and specialty vehicles, such as cash-in-transit vehicles, SWAT rapid deployment vehicles, prisoner transport vehicles, and various other security vehicles; and trolleys for resort areas, theme parks, and cities. Further, it provides component parts, including fiberglass reinforced plywood products.

The company sells its products to commercial dealers/distributors and fleet leasing companies, as well as directly to end-users. 

Shares have formed a bullish "cup and handle" ahead of its earnings on October 20th. Higher share prices are expected for this stock.

 

52-Weeks Trading Range: $5.40 - $19.83

Entry Point: $17.95

Stop Loss: $17.00

Target Price: $19.75

Updates

10/21/2016 10:47:39 AM

STS closed at $14.75.

Position closed on 10/21/2016 at price of $14.75 with a -17.83% loss in 3 days.

Back to Portfolio