Long Position on ADNT @ $68.20 on 3/8/2017 (Momentum)

Adient plc (ADNT) designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles.

The company operates through Seating and Interiors segments.

The Seating segment produces automotive seat metal structures and mechanisms, foams, trims, and fabric and complete seat systems.

The Interiors segment produces instrument panels, floor consoles, door panels, overhead consoles, cockpit systems, decorative trims, and other products.

The company operates in the Americas, Europe, Africa, Asia, and China. It has a collaboration with FCA US LLC to produce seating for the Chrysler Portal concept vehicles. Shares of this recent IPO have formed a bulish "cup and handle" and higher share prices are expected for this stock.

52-Weeks Trading Range: $39.66 - $68.97

Entry Point: $68.20

Stop Loss: $64.70

Target Price: $75.00 

Updates

3/15/2017 10:45:23 AM

ADNT closed at $75.10.

Position closed on 3/15/2017 at price of $75.10 with a 10.12% gain in 7 days.

Back to Portfolio