NEW BULLISH Plays

Ameron Intl. - AMN - close: 69.24 change: +2.70 stop: 64.95

Why We Like It:
AMN sells various building materials and supplies around the world. Shares broke out over resistance in the $60-62 zone in late June. Since then it has been consolidating sideways under new resistance at $70.00. Now the stock looks poised to begin a new leg higher. The Point & Figure chart is bullish with an $82 target. The July 1st high was $70.25. I am suggesting readers buy AMN at $70.50. Our target is $79.50. My time frame is six to eight weeks. I do consider this somewhat aggressive because AMN does not trade with a lot of volume.

Annotated chart:

Entry on      July xx at $xx.xx <-- see TRIGGER  
Change since picked:     + 0.00   			
Earnings Date          09/21/09 (unconfirmed)    
Average Daily Volume:       150 thousand
Listed on  July 15, 2009    


Diana Shipping - DSX - close: 14.29 change: +0.29 stop: 12.70

Why We Like It:
The Baltic Dry Goods index is starting to curl higher again and the shipping stocks are bouncing off their lows. This Greek shipping company just broke through resistance at $14.00 and its 200-dma (currently 13.78). I am suggesting readers buy DSX on a dip in the $13.80-13.50 zone. We'll use a stop loss at $12.70. Our first target is $16.40.

Annotated chart:

Entry on      July xx at $xx.xx <-- see TRIGGER  
Change since picked:     + 0.00   			
Earnings Date          08/06/09 (unconfirmed)    
Average Daily Volume:      1.27 million 
Listed on  July 15, 2009