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BAP None
CPL  
CTRN  
LOW  

Play Editor's Note: I wanted to note a few stocks on my watch list.

AKAM might be a bullish candidate now that it has broken a long-term trendline of resistance and its 200-dma. Yet shares still face resistance near $35.00. The stock looks short-term overbought and earnings are on April 30th.

BBW has broken through resistance near $10 and its 50-dma. This might be an entry point for the bulls but we didn't want to chase a 12.7% rally.

A rise past $23.00 could be a new bullish entry point to buy PERY but watch for possible resistance at $25.00.

FDO has been consolidating under resistance near $22.00 for months. Will FDO breakout higher this time?

Friday's rise past $45.00 in shares of KLAC might be a new entry point for bullish positions.

MW broke through some resistance on Friday but still has resistance in the $26.40-26.50 zone - keep an eye on it.

TGI looks bullish if it can breakout over $60.00 but earnings are due on May 1st.

ZUMZ looks bullish now that it's over $20.00 but we'd probably wait for a dip.

MHP looks like a bullish candidate right now but earnings are due on Tuesday morning, April 29th.


New Long Plays

Credicorp - BAP - close: 79.85 change: +1.03 stop: 78.45

Company Description:
Credicorp Ltd. (NYSE: BAP) is the leading financial services holding company in Peru. Credicorp is engaged principally in commercial banking (including trade finance, corporate finance and leasing services), insurance (including commercial property, transportation and marine hull, automobile, life, health and pension fund underwriting insurance) and investment banking (including brokerage services, asset management, trust, custody and securitization services, trading and investment). (source: company press release or website)

Why We Like It:
BAP is one financial company that has completely escaped the U.S. sub-prime affair, which probably has a lot to do with it being based in Peru. The stock has a very strong, long-term up trend. On a short-term basis we see a bullish pattern of higher lows as it builds up steam for a breakout over resistance near $80.00. We are suggesting a trigger to buy the stock at $80.51. More conservative traders may want to use a trigger above $81.00 since the January 2008 high was $80.83. We do not have a lot of time. BAP is due to report earnings on May 7th and we do not want to hold over the report. Our short-term target is the $84.75-85.00 range. We do think that down the road BAP will trade much higher and we'll probably revisit it after we see the earnings reaction. The Point & Figure chart points to a $95 target.

Picked on April xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 05/07/08 (confirmed)
Average Daily Volume: 327 thousand

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CPFL Energia - CPL - close: 71.64 change: +1.24 stop: 69.24

Company Description:
CPFL Energia is a holding company in Brazilian electricity sector, operating through its subsidiaries in the distribution, generation and commercialization of electricity, in free and regulated markets. (source: company press release or website)

Why We Like It:
On a technical basis it looks like CPL is coiling for another breakout skyward. The stock's Point & Figure chart is very bullish with a $100 price target. Earnings are coming up in a couple of weeks and CPL might see a little pre-earnings rally. We don't want to hold over the announcement but that might be tricky since we can't find a solid earnings date yet. We are suggesting readers buy the stock at $72.15 since the $72.00 mark has been resistance lately. Our short-term target is the $78.00-80.00 range.

Picked on April xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 05/08/08 (unconfirmed)
Average Daily Volume: 228 thousand

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Citi Trends - CTRN - close: 20.94 change: +0.80 stop: 18.95

Company Description:
Citi Trends, Inc. is a value-priced retailer of urban fashion apparel and accessories for the entire family. The Company currently operates 330 stores located in 20 states in the Southeast, Mid-Atlantic and Midwest regions and the state of Texas. (source: company press release or website)

Why We Like It:
Retailing stocks have shown surprising strength the past couple of weeks. It appears that investors are no longer concerned about a recession or how rising gas prices are affecting consumers. Shares of CTRN have rallied through resistance at its 200-dma and the $20.00 mark. The stock looks a little bit overdone so we're suggesting readers buy a dip in the $20.10-19.50 zone. If triggered we will have two targets. Our first target is the $22.40-22.50 range. Our second target is the $24.00-25.00 range. We do not want to hold over the late May earnings report (still unconfirmed date). The P&F chart is bullish with a $29.00 target.

Picked on April xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 05/22/08 (unconfirmed)
Average Daily Volume: 327 thousand

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Lowe's Cos. - LOW - close: 26.02 change: +1.00 stop: 24.24

Company Description:
With fiscal year 2007 sales of $48.3 billion, Lowe's Companies, Inc. is a FORTUNE 50 company that serves approximately 14 million customers a week at more than 1,525 home improvement stores in the United States and Canada. Founded in 1946 and based in Mooresville, N.C., Lowe's is the second-largest home improvement retailer in the world. (source: company press release or website)

Why We Like It:
The homebuilders rallied in spite of a negative new home sales report this past week and that has re-ignited the rally in the home improvement stores. Both HD and LOW looks bullish. We're suggesting readers buy LOW's breakout over resistance at $25.00 and its 200-dma. However, if you can be patient a dip back toward $25.65-25.50 would be a preferred entry point to initiate positions. Our four-week target is the $27.90-28.00 range. We do not want to hold over the late May earnings report. The P&F chart is bullish with a $39 target but LOW is facing immediate resistance on its Point & Figure chart.

Picked on April 27 at $26.02
Change since picked: + 0.00
Earnings Date 05/21/08 (unconfirmed)
Average Daily Volume: 12.7 million
 

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