NEW BULLISH Plays

Bank of Hawaii - BOH - close: 45.86 change: +0.33 stop: 43.90

Why We Like It:
BOH has been outperforming its peers in the financial sector. Shares are currently consolidating sideways in the $44-46 zone. I'm suggesting a trigger to buy the stock at $46.20. We'll use a stop under the bottom of the trading range. If triggered our first target to take profits is at $49.85. FYI: The Point & Figure chart is bullish with a $59 target.

Annotated chart:

Entry on  November xx at $xx.xx <-- TRIGGER @ 46.20
Change since picked:     + 0.00   			
Earnings Date          01/25/10 (unconfirmed)    
Average Daily Volume:       424 thousand
Listed on  November 17, 2009    


Halliburton - HAL - close: 31.75 change: +0.03 stop: 29.80

Why We Like It:
HAL is challenging resistance at the $32.00 level. The trend of higher lows would suggest that HAL is going to eventually breakout past this resistance. I suspect that breakout will happen sooner rather than later. The stock has been ignoring any relative weakness in oil but if oil does breakdown we'll probably get stopped out. (Oil actually looks like it could be forming a bull-flag pattern).

I'm suggesting a trigger to buy HAL at $32.20. If triggered our first target is $34.90.

Annotated chart:

Entry on  November xx at $xx.xx <-- TRIGGER @ 32.20
Change since picked:     + 0.00   			
Earnings Date          01/26/10 (unconfirmed)    
Average Daily Volume:      15.7 million 
Listed on  November 17, 2009