NEW BULLISH Plays

China Mobile Ltd. - CHL - close: 50.28 chg: -0.62 stop: 47.40

Why We Like It:
CHL is a mobile phone provider with more than 457 million subscribers. The stock has been correcting sharply as the Chinese market finally experienced some profit taking. Now CHL is nearing potential support at its longer-term trendline of higher lows. CHL should find support near $48.00 with its rising 200-dma. I'm suggesting we jump in a little early at $49.00. We'll use a relatively tight stop loss at $47.40.

If triggered at $49.00 our first target is $54.00. Our second target is $58.00. Our time frame is several weeks.

Annotated chart:

Entry on    August xx at $xx.xx <-- TRIGGER @ 49.00
Change since picked:     + 0.00   			
Earnings Date          00/00/?? (unconfirmed)    
Average Daily Volume:       2.3 million 
Listed on  August 29, 2009    


Capstone Turbine - CPST - close: 1.33 change: +0.14 stop: 0.98

Why We Like It:
CSPT broke out to new 2009 highs last week. The stock is quickly stair-stepping higher from what appears to be a long-term base. This is a volatile stock and readers should consider this an aggressive, higher-risk trade. We'll want to use smaller than normal positions. I'm suggesting readers buy CPST on a dip at $1.15. We'll use a stop loss just under $1.00.

CPST's P&F chart is bullish with a $2.88 target. I'm setting our first target to take profits at $1.50. We'll tentatively set a second target at $1.85. Remember, just because the stock is "cheap" don't go overboard.

Annotated chart:

Entry on    August xx at $xx.xx <-- TRIGGER @ 1.15
Change since picked:     + 0.00   			
Earnings Date          11/09/09 (unconfirmed)    
Average Daily Volume:       4.8 million 
Listed on  August 29, 2009    


Playboy Ent. - PLA - close: 2.77 change: -0.06 stop: 2.45

Why We Like It:
Shares of PLA caught my attention two weeks ago with the stock's high-volume breakout from its consolidation. Shares powered through several layers of resistance. I'm suggesting readers buy the dip with a trigger to initiate positions at $2.65. Broken resistance near $2.50 and its 50-dma should be support so I'm listing the stop loss at $2.45.

If triggered at $2.65 our first target to take profits is at $3.30. Our second target is $3.95. FYI: The Point & Figure chart is bullish with a $7.50 target.

Annotated chart:

Entry on    August xx at $xx.xx <-- TRIGGER @ 2.65
Change since picked:     + 0.00   			
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       370 thousand
Listed on  August 29, 2009    


NEW BEARISH Plays

Electronic Arts - ERTS - close: 18.76 change: -0.24 stop: 20.15

Why We Like It:
The video game industry was once thought to be recession proof. Consumers spend more money buying video games every year than going to the movies. Yet ERTS has proven that even it is vulnerable to a slow-down in consumer spending. The stock broke support near $20.00 several days ago and has slowly been consolidating with a bearish trend of lower highs. I'm suggesting bearish positions now. More conservative traders can wait for a drop under $18.50 to launch positions. Our first target to take profits is at $17.05. Our second and final target is at $16.15. FYI: The P&F chart is currently bearish with a $14 target.

Annotated chart:

Entry on    August 29 at $18.76 
Change since picked:     + 0.00   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       9.3 million 
Listed on  August 29, 2009