NEW BULLISH Plays

Cracker Barrel - CBRL - close: 36.00 chg: +0.70 stop: 32.80

Why We Like It:
Last week was an important one for CBRL. The stock broke through resistance at $35.00. I'm suggesting readers buy the breakout. We'll use a stop loss under the October low. If you look at the weekly chart we can see some resistance near $38.75 but I'm going to aim for $39.75 as our first target. The Point & Figure chart is forecasting a $57 target.

Annotated chart:

Entry on   October 10 at $36.00 
Change since picked:     + 0.00   			
Earnings Date          11/24/09 (unconfirmed)    
Average Daily Volume:       322 thousand
Listed on   October 10, 2009    


Capstone Turbine - CPST - close: 1.40 change: +0.05 stop: 1.18

Why We Like It:
CPST is an aggressive, higher-risk trade. The stock spent nearly four weeks consolidating its August-September gains. Now shares are bouncing from the 50-dma. I'm suggesting bullish positions now or on a dip back toward the $1.30-1.25 zone. Our first target is $1.75. Our second target is $1.95 but that may be too aggressive given our time frame. We don't want to hold over the November earnings report. FYI: The Point & Figure chart is bullish with a $2.75 target.

Annotated chart:

Entry on   October 10 at $ 1.40 
Change since picked:     + 0.00   			
Earnings Date          11/09/09 (unconfirmed)    
Average Daily Volume:       3.7 million 
Listed on   October 10, 2009    


Parker Hannifin - PH - close: 52.87 change: +0.92 stop: 49.90

Why We Like It:
More aggressive traders may want to buy PH right here. I'm suggesting readers use a trigger to buy PH on a dip at $51.75. If triggered our first target is $55.75. Keep in mind that this is going to be a very short-term play. PH has earnings on October 20th and we don't want to hold over the report.

Annotated chart:

Entry on   October xx at $xx.xx <-- TRIGGER @ 51.75
Change since picked:     + 0.00   			
Earnings Date          10/20/09 (confirmed)    
Average Daily Volume:       1.6 million 
Listed on   October 10, 2009