NEW BULLISH Plays

Hologic Inc. - HOLX - close: 14.94 change: +0.44 stop: 14.40

Why We Like It:
HOLX makes medical imaging systems. The stock's three-month slide began to reverse in mid December. The last couple of weeks have seen HOLX digest those gains with a sideways move. Now the stock is breaking out past its 50-dma. Shares still have resistance near $15.00 and the exponential 200-dma but the trend is improving. I am suggesting a trigger to buy HOLX at $15.15. If triggered our first target is $16.45 although we'll have to keep a cautious eye on the 100-dma, which could be resistance. I would keep positions small. There is still a chance for the market to correct in January.

Annotated chart:

Entry on   January xx at $xx.xx <-- TRIGGER @ 15.15  (small positions)
Change since picked:     + 0.00   			
Earnings Date          02/01/10 (unconfirmed)    
Average Daily Volume:       2.7 million 
Listed on   January 04, 2009    


Steel Dynamics - STLD - close: 18.29 change: +0.57 stop: 17.49

Why We Like It:
Steel stocks are showing strength again and STLD looks like it could breakout over key resistance near $18.60. I am suggesting a trigger to open small bullish positions at $18.75. I'm suggesting small positions because this sector can be volatile and we're still at risk for a market correction in January. If triggered at $18.75 our first target to take profits is at $19.95. Our second target is $21.50.

Annotated chart:

Entry on   January xx at $xx.xx <-- TRIGGER @ 18.75
Change since picked:     + 0.00   			
Earnings Date          01/26/10 (unconfirmed)    
Average Daily Volume:           thousand
Listed on   January 04, 2009