NEW BULLISH Plays

Bristow Group - BRS - close: 30.77 change: +1.01 stop: 28.80

Why We Like It:
BRS provides helicopter services to offshore oil platforms. The stock is bouncing from its trendline of higher lows. This looks like a lower-risk entry point. The volume behind today's rally is bullish. I'm suggesting long positions now. More patient traders could try and wait for a dip back toward $30.00. We're going to use a stop under the recent low. Our target is $33.90. The Point & Figure chart is much more bullish with a $49 target.

Annotated chart:

Entry on    August 24 at $30.77 
Change since picked:     + 0.00   			
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       289 thousand
Listed on  August 24, 2009    


Superior Energy - SPN - close: 19.76 change: +0.66 stop: 17.80

Why We Like It:
SPN is another oil service stock showing relative strength. The stock is nearing round-number resistance at $20.00 and I'm expecting a little correction. The plan is to buy SPN on a dip in the $18.80-18.25 zone. We'll use a stop loss at $17.80. We'll sell half our position (1st target) at $19.95. We'll sell the rest (2nd target) at $21.75. Time frame is about six to eight weeks.

Annotated chart:

Entry on    August xx at $xx.xx <-- TRIGGER 18.80
Change since picked:     + 0.00   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       927 thousand
Listed on  August 24, 2009