On October 2nd we noted in a post that companies in the defense industry were likely to out-perform the broader market moving forward.
In that post we stated the following:
“…we would anticipate that defense stocks could out-perform for some time and that a spread trade long some of the companies below paired with an SPX short might be a solid risk/reward set-up.”
One of the companies within our basket of long opportunities was TASR (and the only one from that group that we’ve stressed in our emails as a focal point).
With today’s big jump on EPS, the stock is up some ~20% from our original post.
Given its technical set-up below, we believe anywhere from ~15%-50% more upside could be in play for the name.