NEW BULLISH Plays

America Movil - AMX - close: 43.01 change: +0.56 stop: 37.95

Why We Like It:
AMX is a wireless telecom company with over 182 million subscribers throughout Latin America. The stock broke out over significant resistance near $40.00 last month. The Point & Figure chart is bullish and forecasts a $66.00 target. I am suggesting readers buy AMX on a dip in the $40.25-39.75 zone. We'll use a stop loss at $37.95. Our first target is $44.00. Our second target is $46.90. Our time frame is four to six weeks.

Annotated chart:

Entry on    August xx at $xx.xx <-- TRIGGER @ 40.25
Change since picked:     + 0.00   			
Earnings Date          07/21/09 (confirmed)    
Average Daily Volume:       4.3 million 
Listed on  August 01, 2009    


Bank of America - BAC - close: 14.79 change: +0.82 stop: 12.45

Why We Like It:
The banking stocks are breaking out again. BAC is helping lead the way with rally past resistance near $13.50, at $14.00, and at its exponential 200-dma. Now BAC is nearing resistance at its May 2009 highs near $15.00. I'm expecting some profit taking. Our plan is to buy BAC on a dip at $13.70. If triggered our first target is $15.75. Our second target is $17.90. The Point & Figure chart is bullish with a long-term target at $31.00.

Annotated chart:

Entry on    August xx at $xx.xx <-- TRIGGER @ 13.70
Change since picked:     + 0.00   			
Earnings Date          07/17/09 (confirmed)    
Average Daily Volume:       310 million 
Listed on  August 01, 2009    


Grupo Televisa - TV - close: 18.09 change: +0.54 stop: 17.24

Why We Like It:
Grupo Televisa, S.A.B. is a Mexico-based broadcast and cable television station. The stock looks poised to breakout over significant resistance at $18.50. I'm suggesting a trigger to buy the stock at $18.60. If triggered our first target is $19.95. Our second target is $21.45. The Point & Figure chart is bullish with a $25 target.

Annotated chart:

Entry on    August xx at $xx.xx <--  TRIGGER @ 18.60
Change since picked:     + 0.00   			
Earnings Date          07/16/09 (confirmed)    
Average Daily Volume:       2.2 million 
Listed on  August 01, 2009