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NEW BULLISH Plays

Greif Inc. - GEF - close: 34.24 change: +2.43 stop: 31.25

Why We Like It:
Technically shares of GEF have produced a bullish double bottom with the lows in November and December. The stock broke out over its trend of lower highs a few days ago and today's bounce is an entry point to get long the stock. The P&F chart is bullish with a $50.00 target. I see resistance closer to $40.00. We're suggesting a stop loss under today's low. Our target is $39.50.

Annotated chart:
GEF

Picked on December 16 at $34.24 
Change since picked:     + 0.00   			
Earnings Date          02/26/09 (unconfirmed)    
Average Daily Volume:       464 thousand    


Shaw Group Inc. - SGR - close: 19.74 change: +1.36 stop: 17.75

Why We Like It:
SGR is another bullish candidate on the Obama-infrastructure play. The stock has been consolidating sideways since the construction group initially shot higher. Yet within that consolidation SGR has a bullish trend of higher lows. The P&F chart is bullish with a $33 target. We are suggesting long positions now with a stop loss at $17.75. Our first target is $24.00.

Annotated chart:
SGR

Picked on December 16 at $19.74 
Change since picked:     + 0.00   			
Earnings Date          01/07/09 (unconfirmed)    
Average Daily Volume:       3.6 million     


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