Editor's Note:

Just a quick note to add a few more trading ideas. Check out CBRL, RCI, HAL, GT, MDR, and JEC (again).


NEW BULLISH Plays

Agrium Inc. - AGU - close: 49.61 change: +1.29 stop: 47.40

Why We Like It:
Many of the chemical-fertilizer names have been gaining strength this past week. Some are starting to break out. AGU is poised to push through resistance at $50.00. I'm suggesting a trigger to buy AGU at $50.25. If triggered our first target is $54.75. Our second target is $59.75. Currently the Point & Figure chart is bullish with a $59 target.

FYI: Agrium (AGU) is trying to buy rival firm CF Industries (CF) but CF keeps rejecting the offer calling it too low. At the same time CF is trying to buy Terra Industries (TRA) and TRA keeps rejecting the offer calling it too low. Eventually one of these companies is going to give up or they're finally going to make a big enough offer or somebody else might step in and start bidding. There is a risk that someone bids too much and the market could think they overpaid, which might push the stock lower. This M&A dance has been going on for months and it will probably continue for months so I'm not expecting it to have much short-term impact on the stock.

Annotated chart:

Entry on September xx at $xx.xx <-- TRIGGER @ 50.25
Change since picked:     + 0.00   			
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       1.9 million 
Listed on September 05, 2009    


Carpenter Tech. - CRS - close: 20.92 change: +0.38 stop: 19.75

Why We Like It:
CRS is a metal producer. The stock has been bouncing around resistance at 21.00 and support at 20.00. I'm suggesting readers buy the bounce from $20.00. More conservative traders can wait for a breakout over $21.00. We'll use a relatively tight stop at $19.75. Our first target is $24.90. More aggressive traders may want to aim higher.

Annotated chart:

Entry on September 05 at $20.92 
Change since picked:     + 0.00   			
Earnings Date          10/28/09 (unconfirmed)    
Average Daily Volume:       536 thousand
Listed on September 05, 2009    


Darden Restaurants - DRI - close: 34.41 chg: +0.74 stop: 32.45

Why We Like It:
The restaurant stocks have been rising even though consumer spending remains weak. Shares of DRI just rallied past short-term resistance at $34.00 and its 100-dma. I'm suggesting readers buy the move. More conservative traders can wait for a move over $35.00. Our first target is the $39.40 mark.

FYI: DRI is not a fast moving stock. Getting to $39.40 could take several weeks. Another restaurant stock that's on the move is CBRL. Readers may want to check it out.

Annotated chart:

Entry on September 05 at $34.41 
Change since picked:     + 0.00   			
Earnings Date          09/29/09 (unconfirmed)    
Average Daily Volume:       2.6 million 
Listed on September 05, 2009    


Kirby Corp. - KEX - close: 37.09 change: +0.90 stop: 35.25

Why We Like It:
This shipping stock has a strong pattern of higher lows and looks ready to breakout over resistance at $37.50. I'm suggesting a trigger to buy KEX at $37.60. We'll use a stop loss at $35.25. We'll take some money off the table at $39.95 and exit completely at $42.40. FYI: The P&F chart is bullish with a $57 target.

FYI: Standard & Poor's moving ARG from the midcap 400 index to the S&P 500 index. It's moving KEX from the small cap 600 to the midcap 400 to replace ARG. This move is supposed to take place after the close of trading on Tuesday, September 8th.

Annotated chart:

Entry on September xx at $xx.xx <-- TRIGGER @ 37.60
Change since picked:     + 0.00   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       310 thousand
Listed on September 05, 2009    


Altria Group Inc. - MO - close: 18.50 change: +0.29 stop: 17.90

Why We Like It:
After two weeks of consolidating sideways above $18.00 MO is finally starting to move again. While MO tends to move kind of slowly the trend is up and its recent consolidation gives us a clearly level of support to gauge our risk. I'm suggesting bullish positions now with a stop at $17.90. Our first target is $19.90. The P&F chart is bullish with a $23.00 target. Our time frame is several weeks. Make sure you have the patience for this one before jumping in.

Annotated chart:

Entry on September 05 at $18.50 
Change since picked:     + 0.00   			
Earnings Date          10/22/09 (unconfirmed)    
Average Daily Volume:      15.5 million 
Listed on September 05, 2009    


Schlumberger - SLB - close: 55.87 change: +1.45 stop: 53.85

Why We Like It:
I'm adding more exposure to the oil services sector. SLB is a big cap name in the group and is bouncing from another test of technical support at its 100-dma. I'm suggesting bullish positions now with a tight stop under last week's low. Our first target to take profits is at $59.95. Our second target is $63.50. FYI: The P&F chart is bullish with a $73 target.

Annotated chart:

Entry on September 05 at $55.87 
Change since picked:     + 0.00   			
Earnings Date          10/23/09 (unconfirmed)    
Average Daily Volume:       8.7 million 
Listed on September 05, 2009