NEW BULLISH Plays

Wyndham Worldwide - WYN - close: 18.66 change: +0.05 stop: 16.40

Why We Like It:
Shares of this hotel operator have been consistently stair stepping higher. The stock closed at new 2009 highs today after traders bought the dip near $18.00. The move looks like a bullish entry point. I'm suggesting bullish positions now with a stop under the 50-dma. The $20.00 level could offer some round-number resistance but I'm setting our first target at $21.00. FYI: The point & figure chart is bullish with a $27 target. Our time frame is several weeks.

I'm suggesting small positions (at least 50% of your normal trade size).

Annotated chart:

Entry on  November 10 at $18.66 (1/2 position)
Change since picked:     + 0.00   			
Earnings Date          02/11/10 (unconfirmed)    
Average Daily Volume:       3.5 million 
Listed on  November 10, 2009    


NEW BEARISH Plays

Activision-Blizzard - ATVI - close: 11.42 change: -0.12 stop: 11.85

Why We Like It:
ATVI has some of the hottest products on the market with their Guitar Hero, World of Warcraft, and Call of Duty franchises. The company just released Call of Duty, Modern Warfare 2 at its midnight launch last night. Sales of their new CoD product are expected to rival the latest Grand Theft Auto product. Yet the stock is struggling. Shares failed several times at the $13.00 level. In late October the sell-off broke significant support. Now this November oversold bounce is beginning to falter.

Today's action in ATVI has produced a bearish reversal pattern. I want to see some confirmation first. The plan is to use a trigger at $11.20 (under the 200-dma) to open bearish positions. We'll use a stop above today's high. Our first target is $10.10. Our second target is $9.25. Our time frame is several weeks.

Annotated chart:

Entry on  November xx at $xx.xx <-- TRIGGER @ 11.20
Change since picked:     + 0.00   			
Earnings Date          02/04/10 (unconfirmed)    
Average Daily Volume:      17.3 million 
Listed on  November 10, 2009