NEW BULLISH Plays

PACCAR Inc. - PCAR - close: 39.68 change: +0.72 stop: 38.25

Why We Like It:
Today's retail sales data from the Commerce Department showed a big improvement in auto sales, which should be good news for all the vehicle makers. PCAR has a strong bullish trend of higher lows but has yet to breakout over resistance near $40.00. The October high was $40.26. I'm suggesting a trigger to buy PCAR at $40.35. If triggered our first target is $44.75. FYI: The Point & Figure chart is bullish with a $48.00 target.

Annotated chart:

Entry on  November xx at $xx.xx <-- TRIGGER @ 40.35
Change since picked:     + 0.00   			
Earnings Date          01/28/10 (unconfirmed)    
Average Daily Volume:       3.3 million 
Listed on  November 16, 2009    


Symantec - SYMC - close: 17.80 change: +0.35 stop: 17.24

Why We Like It:
The sideways consolidation in SYMC is coiling for a bullish breakout over major resistance near $18.00. I'm suggesting readers use a trigger to buy SYMC at $18.20. If triggered our first target to take profits is at $19.90. The $20.00 level will probably act as round-number resistance. Our second target, with a much longer time frame, is $21.75. Currently the Point & Figure chart is bullish with a $23 target.

Annotated chart:

Entry on  November xx at $xx.xx <-- TRIGGER @ 18.20
Change since picked:     + 0.00   			
Earnings Date          01/27/10 (unconfirmed)    
Average Daily Volume:      11.8 million 
Listed on  November 16, 2009