Editor's Note:

My market bias is bearish until the S&P 500 can close above the 1120 level again. However, there are some stocks that are still rising and did not break their bullish trend during the January correction. We're going to try and balance our play list by adding a couple of bullish candidates. Be careful here. Keep your trade size small.


NEW BULLISH Plays

Patterson Companies - PDCO - close: 29.36 change: +0.57 stop: 27.95

Why We Like It:
PDCO did not break its bullish trend and shares are now bouncing from prior resistance and what is now new support near $28.50. I am suggesting bullish positions now with a stop at $27.95. More cautious traders may want to use a stop closer to $28.40. Our first target to take some money off the table is $30.90. Our second target is $32.45. We do not want to hold over the February 18th earnings report so PDCO may not reach our second target in time.

Annotated chart:

Entry on  February 02 at $29.36 
Change since picked:     + 0.00   			
Earnings Date          02/18/10 (unconfirmed)    
Average Daily Volume:       1.3 million 
Listed on  February 02, 2009    


Wyndham Worldwide - WYN - close: 21.91 change: +0.16 stop: 20.80

Why We Like It:
In spite of the market's widespread weakness shares of WYN have not broken their bullish trend. Traders are once again buying the dip near its rising 40-dma. This bounce looks like a new bullish entry point with a relatively tight stop loss. This should be a short-term trade. WYN is due to report earnings on Feb. 10th and we do not want to hold over the announcement. Our first target to take profits is at $23.45. Our second target is $24.45.

Annotated chart:

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