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November 21, 2009
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Ametek Inc. (AME)
February 06, 2009Dear Fellow Options Trader,
Ametek Inc. (AME) manufactures and sells electromechanical and electronic instruments that test, calibrate and monitor equipment in the aerospace, industrial and power industries. The company reported in-line earnings with its earlier guidance on Jan. 30.
During the past 100 days, the company has acquired two companies. While many companies are struggling during this economic downturn, AME is acquiring the competition and taking share. It is also doing an impressive job of managing profitability as it has raised operating margins 180 basis points during the last quarter.
Technically, the stock looks like it is rounding up nicely and is now trading above its 200-day moving average.
Option investors have taken note of these positive developments and have been buying aggressively. We recommend buying the AME March 35 Calls (AMECG) for $1 or less.
Have a great day trading.
Nick Atkeson and Andrew Houghton
Editors
Options Trader
