NEW BULLISH Plays

Seagate Technology - STX - close: 17.46 change: +0.19 stop: 15.99

Why We Like It:
The hard drive makers have been showing relative strength. STX has broken out from its sideways consolidation to hit new 2009 highs. This looks like a new bullish entry point. I'm suggesting we keep our initial position small. Our target is $19.75 as the $20.00 level will probably act as round-number, psychological resistance. We will plan to exit ahead of the mid January earnings report.

Annotated chart:

Entry on  December 19 at $17.46 
Change since picked:     + 0.00   			
Earnings Date          01/19/10 (unconfirmed)    
Average Daily Volume:       8.2 million 
Listed on  December 19, 2009    


Wright Express Corp. - WXS - close: 32.06 change: +1.17 stop: 29.99

Why We Like It:
WXS is a business services company. The stock has been consolidating sideways under resistance near $32.00 for over four months. If you look closely shares of WXS have created an inverse head-and-shoulders pattern, which is bullish. I am suggesting a trigger to buy the stock at $32.30. If triggered our target is $35.90. Our time frame is several weeks probably the first of February. FYI: The Point & Figure chart is bullish with a $41 target.

Annotated chart:

Entry on  December xx at $xx.xx <-- TRIGGER @ 32.30
Change since picked:     + 0.00   			
Earnings Date          02/10/10 (unconfirmed)    
Average Daily Volume:       209 thousand
Listed on  December 19, 2009