NEW BULLISH Plays

Chicago Bridge - CBI - close: 15.75 change: -0.19 stop: 14.90

Why We Like It:
CBI broke out to new 2009 highs early this week. This morning shares tested previous resistance as new support and traders bought the dip. I am suggesting new positions now at current levels or readers can wait for another dip toward $15.25 again. We'll use a tight stop under today's low. More aggressive traders might want to consider a wider stop under $14.00, which should be stronger support. Our upside target is $17.75.

I remain cautiously bullish and suggest readers only trade small position sizes to limit risk (1/2 to 1/4 normal size).

Annotated chart:

Entry on    August 27 at $15.75 (small positions)
Change since picked:     + 0.00   			
Earnings Date          10/28/09 (unconfirmed)    
Average Daily Volume:       1.3 million 
Listed on  August 27, 2009    


Ford Motor Co. - F - close: 7.67 change: +0.06 stop: 7.39

Why We Like It:
Ford has spent about four weeks consolidating its July rally. Now traders are buying dips at its rising 30-dma. Shares look poised to break higher again. More aggressive traders may want to jump in now. I'm suggesting a trigger to buy F at $7.85. Our first target is just under the old highs at $8.80. Our second target is $9.40.

Annotated chart:

Entry on    August xx at $xx.xx <-- TRIGGER @ 7.85
Change since picked:     + 0.00   			
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:        90 million 
Listed on  August 27, 2009