NEW BULLISH Plays

Corn Products - CPO - close: 31.49 change: -0.77 stop: 27.49

Why We Like It:
Shares of CPO broke out to new highs for the year on big volume last Thursday. More aggressive traders may want to buy the dip on Friday. I would prefer to wait for a some sort of dip with the market this overbought. The plan is to buy CPO at $29.50. Our first target is $32.30. Our second target is $34.85. The Point & Figure chart is bullish with a $45.00 target.

FYI: You may have seen headlines that sugar is seeing shortages around the world and sugar prices are on the rise. Many expect sugar to appreciate significantly throughout the rest of this year. That's going to drive demand for alternatives like corn syrup.

Annotated chart:

Entry on    August xx at $xx.xx <-- TRIGGER @ 29.50
Change since picked:     + 0.00   			
Earnings Date          10/22/09 (unconfirmed)    
Average Daily Volume:       687 thousand
Listed on  August 15, 2009    


China Yuchai Intl. - CYD - close: 10.00 chg: -0.46 stop: 8.90

Why We Like It:
Share of this Chinese diesel engine maker are breaking out to new 11-month highs. The rallies are being fueled by strong volume. That's what we want to see in a bullish candidate. The $9.00 level was support for most of August. I'm suggesting we buy CYD on a dip at $9.50 with a stop loss at $8.90. Keep in mind that volume is normally light and this is a Chinese company that will be prone to volatility thanks to the Chinese market. I am suggesting very small position sizes to limit our risk. If triggered at $9.50 our first target is $11.50. FYI: The Point & Figure chart is bullish with an $18.50 target.

Annotated chart:

Entry on    August xx at $xx.xx <-- TRIGGER @ 9.50
Change since picked:     + 0.00   			
Earnings Date          08/12/09 (confirmed)    
Average Daily Volume:       155 thousand
Listed on  August 15, 2009    


Titan Machinery - TITN - close: 13.12 change: -0.06 stop: 11.30

Why We Like It:
The company runs agriculture and construction equipment stores. It looks like shares have formed a bottom over the last six weeks and are poised to run higher from here. I'm suggesting bullish positions now but we can really use the $12.00-13.00 zone as a place to open positions. One strategy might be to buy half now and half on a dip near $12.50 or $12.00. I'm suggesting a stop loss under the August low and 200-dma. We should have about a month before TITN reports earnings. Our upside target is $14.75 and $15.85.

Annotated chart:

Entry on    August 15 at $13.12 
Change since picked:     + 0.00   			
Earnings Date          09/15/09 (unconfirmed)    
Average Daily Volume:       248 thousand
Listed on  August 15, 2009