Industry: Aerospace/Defense Closing Price: 6.09 P/E: 116 Avg. Vol.: 1,218K

Company Profile: GenCorp Inc. is a producer of value-added systems for the space electronics, aerospace, and defense industries. The Company's products include satellite payloads and ground systems, launch vehicle propulsion systems, and tactical weapons systems. GenCorp is also involved in the development, sale, acquisition and leasing of real estate assets in Northern California.

Chart Setup: Pristine Breakout. GY was in a downtrend on the daily chart until February when the price stabilized forming a base of demand. GY brokeww above this base in late-March and began forming a higher-range base, with bearish attempts having No-Followthrough as evidenced by the Bottoming Tail (BT) and immediate retracement to the base from a week ago. The monthly chart is attempting to form a Higher Low.

Trading Strategy: We'll look to buy GY if it trades above 6.18 Place a protective stop under 5.92 Target 1: $6.90 Target 2: $7.25