NEW BULLISH Plays

Sigma Designs - SIGM - close: 11.92 change: +0.01 stop: 10.99

Why We Like It:
After a terrible 2009 shares of SIGM just spent four weeks in December building a bottom near the $10-11 zone. It's 2010 and the stock is rebounding. I'm suggesting we buy a dip. Use a pull back into the $11.55-11.20 zone as a new entry point to buy the stock. I would still keep positions small as I remain cautious on the market. Our first target to take profits is at $12.95.

Annotated chart:

Entry on   January xx at $xx.xx <-- TRIGGER @ 11.55 
Change since picked: + 0.00
Earnings Date 03/04/10 (unconfirmed)
Average Daily Volume: 392 thousand
Listed on January 09, 2009