NEW BULLISH Plays

Continental Airlines - CAL - close: 13.05 change: +1.01 stop: 11.39

Why We Like It:
Airline stocks have been able to maintain their gains in spite of the rally in crude oil. CAL looks like it's leading the group higher. Shares broke out from their sideways consolidation and above technical resistance at its 200-dma. Volume was above average on the rally. I am suggesting readers buy CAL on a dip at $12.55. Our target is $15.50.

Annotated chart:

Entry on    August xx at $xx.xx <-- TRIGGER @ 12.55
Change since picked:     + 0.00   			
Earnings Date          10/15/09 (unconfirmed)    
Average Daily Volume:       7.2 million 
Listed on  August 22, 2009    


Jacobs Engineering - JEC - cls: 46.79 chg: +1.13 stop: 41.90

Why We Like It:
JEC has been consolidating sideways for months. Now, with the market's help, shares of JEC are breaking out. They just pushed through short-term resistance at $45.00 and its exponential 200-dma. We want to jump on board with a dip back toward $45.00. Our trigger to open positions is $45.25. Our stop loss is at $41.90. If triggered our first target is $49.75. Our second target is $53.00. Our time frame is four to six weeks.

Annotated chart:

Entry on    August xx at $xx.xx <-- TRIGGER @ 45.25
Change since picked:     + 0.00   			
Earnings Date          11/17/09 (unconfirmed)    
Average Daily Volume:       1.8 million 
Listed on  August 22, 2009    


Raytheon Co. - RTN - close: 48.22 change: +1.27 stop: 46.40

Why We Like It:
RTN has broken out from its three-week trading range and above short-term resistance at $48.00. The stock has older resistance near $48.50. I'm suggesting a trigger to buy RTN at $48.65. We'll use a stop loss under the recent low. If triggered our first target is $52.50. Our second target is $54.85.

Annotated chart:

Entry on    August xx at $xx.xx <-- TRIGGER 48.65
Change since picked:     + 0.00   			
Earnings Date          10/22/09 (unconfirmed)    
Average Daily Volume:       2.7 million 
Listed on  August 22, 2009