NEW BULLISH Plays

CITRIX Systems - CTXS - close: 45.98 change: +0.99 stop: 43.75

Company Description:
Citrix Systems, Inc. (NASDAQ:CTXS) is a leading provider of virtualization, networking and software-as-a-service (SaaS) technologies for more than 230,000 organizations worldwide. Its Citrix Delivery Center, Citrix Cloud Center (C3) and Citrix Online Services product families radically simplify computing for millions of users, delivering applications as an on-demand service to any user, in any location on any device. (company website)

Why We Like It:
Investors have been turning toward technology stocks for market leadership and the NASDAQ's new 52-week high certainly helps reinforce that perspective. I have had my eye on CTXS as a potential bullish candidate for days now - ever since the stock broke through resistance near $44.00. I waited to buy the stock because shares had long-term resistance at its 2006 high near $45.50. CTXS has now closed above this level and the stock is hitting highs not seen since the year 2000. This is simply a momentum trade. Shares are quietly marching higher. I'm suggesting we purchase CTXS now and we'll use a stop at $43.75. Our immediate target is $49.90.

Current Position: CTXS stock @ 45.98(?)

chart:

Entry on March 10 at $xx.xx
Earnings Date 04/29/10 (unconfirmed)
Average Daily Volume: 4.5 million
Listed on March 9th, 2010


ParkerVision Inc. - PRKR - close: 2.20 change: +0.20 stop: 1.93

Company Description:
ParkerVision, Inc. designs, develops and markets its proprietary RF technologies which enable advanced wireless communications for current and next generation mobile communications networks (company website)

Why We Like It:
PRKR is a semiconductor stock that is breaking out higher after more than a week of hugging the $2.00 level. We normally don't trade stocks this cheap, this volatile, or with volume this low so I have to label this a more aggressive trade. I couldn't find any news behind today's 10% rally and the break above its 100-dma. However, if the SOX semiconductor index can breakout soon above short-term resistance it could add even more strength to shares of PRKR.

Since this is an aggressive play I would keep positions small. We can launch positions now at current levels or wait for a potential dip toward the $2.10-2.00 zone. The $2.00 level should now be new support. Our first target is $2.49. We will tentatively set a second target at $2.95 but PRKR will have to power past its 200-dma first.

Current Position: PRKR stock @ 2.20(?)

chart:

Entry on March 10 at $xx.xx
Earnings Date 03/15/10 (unconfirmed)
Average Daily Volume: 114 thousand
Listed on March 9th, 2010