FYI: I wanted to share a few more bullish candidates.
ATN - This energy stock is hitting new highs. A dip near $28.50 might be a nice entry point to buy the stock.
HOS - This is an oil services play. Shares have been consolidating sideways and look ready to breakout over resistance at $28.00.
RTN - This is a defense sector stock and shares look ready to rally higher from a multi-month consolidation. Readers may want to use a trigger at $49.00 or $50.00 to launch positions.
NEW BULLISH Plays
Autodesk Inc. - ADSK - close: 24.20 change: +0.14 stop: 23.20
Why We Like It:
ADSK is inching higher and looks ready to breakout from its current consolidation pattern. Most of the technical indicators are turning bearish. The Point & Figure chart already points to a $41 target. I want to see a little more confirmation first before we jump in.
Use a trigger at $24.75 to buy the stock. Our first target is $28.00.
Entry on September xx at $xx.xx <-- TRIGGER @ 24.75
Change since picked: + 0.00
Earnings Date 11/19/09 (unconfirmed)
Average Daily Volume: 3.4 million
Listed on September 29, 2009