NEW BULLISH Plays

Check Point Software - CHKP - cls: 29.19 change: +0.78 stop: 27.35

Why We Like It:
CHKP is showing relative strength with a breakout from its recent August-September consolidation. The stock is also setting new multi-year highs. Volume has been strong on the rally. I would prefer to buy a dip in the $28.50-28.00 region but I'm suggesting bullish positions now. Our first target is $32.50.

Annotated chart:

Entry on   October 06 at $29.19 
Change since picked:     + 0.00   			
Earnings Date          10/27/09 (unconfirmed)    
Average Daily Volume:       2.4 million 
Listed on   October 06, 2009    


DELL Inc. - DELL - close: 15.51 change: +0.36 stop: 14.75

Why We Like It:
DELL is rebounding from support near $15.00 and its 50-dma. With technology stocks poised to lead the market higher DELL is bound to follow. We'll use a tight stop under Friday's low to limit our risk. Our first target to take profits is at $16.95. Our second target is $19.75. DELL doesn't move super fast so this play could take several weeks. We'll plan to exit ahead of the mid November earnings report.

Annotated chart:

Entry on   October 06 at $15.51 
Change since picked:     + 0.00   			
Earnings Date          11/19/09 (unconfirmed)    
Average Daily Volume:      25.6 million 
Listed on   October 06, 2009    


Tractor Supply Co. - TSCO - close: 50.56 change: +1.81 stop: 47.40

Why We Like It:
TSCO has spent more than two months consolidating under resistance near $49.00. Now shares are breaking out and they're rising on strong volume. Today's close over potential resistance at $50.00 is bullish. I'm suggesting bullish positions now. I'd prefer to buy TSCO on a dip near $49.50-49.00 but we may not get that chance.

Our first target to take profits is at $54.75. Our second target is $57.45. FYI: The Point & Figure chart is very bullish with a $72 target.

Annotated chart:

Entry on   October 06 at $50.56 
Change since picked:     + 0.00   			
Earnings Date          10/21/09 (unconfirmed)    
Average Daily Volume:       384 thousand
Listed on   October 06, 2009