Editor's Note:

This looks like an aggressive entry point to be launching new bullish positions with the S&P 500 still stuck under resistance at the 1100 level. I strongly suggest more conservative traders wait for a decent close over the 1100 mark before considering new bullish trades.


NEW BULLISH Plays

Dreamworks Animation - DWA - close: 33.99 change: +0.63 stop: 32.95

Why We Like It:
Shares of DWA are rebounding from a short-term double bottom near $31.50. Currently the stock is challenging technical resistance near its 50-dma. If it can rally from here I could see a run toward its 2009 highs. I'm suggesting a trigger to buy DWA at $34.25. If triggered our target is $37.40. FYI: The P&F chart is bullish with a $51 target. Plus, DWA has been considered a takeover target for some of the larger media companies.

Annotated chart:

Entry on  November xx at $xx.xx <-- TRIGGER @ 34.25
Change since picked:     + 0.00   			
Earnings Date          02/24/10 (unconfirmed)    
Average Daily Volume:       763 thousand
Listed on  November 14, 2009    


ENERSYS - ENS - close: 23.78 change: +0.69 stop: 22.40

Why We Like It:
ENS makes industrial batteries. The stock has been a slow, but steady climber over the last several months. Shares ran into resistance near $24.00 and they're coiling for a bullish breakout higher.

I'm suggesting a trigger to buy ENS at $24.20. If triggered our first target is $27.00. Our second target is $29.75. Our time frame is several weeks.

Annotated chart:

Entry on  November xx at $xx.xx <-- TRIGGER @ 24.20
Change since picked:     + 0.00   			
Earnings Date          02/10/10 (unconfirmed)    
Average Daily Volume:       530 thousand
Listed on  November 14, 2009    


Renolds American - RAI - close: 50.32 change: +1.00 stop: 47.90

Why We Like It:
RAI has one of the strongest charts I've seen in weeks. The stock is breaking out over significant resistance near $50.00. RAI could be a target for fund managers who might feel the need to chase performance. The stock's high dividend yield doesn't hurt when it comes to attracting money.

I'm suggesting bullish positions now. Our target is $54.50. Our time frame is several weeks!

Annotated chart:

Entry on  November 14 at $50.32 
Change since picked:     + 0.00   			
Earnings Date          02/11/10 (unconfirmed)    
Average Daily Volume:       1.6 million 
Listed on  November 14, 2009