Editor's Note:

Bullish candidates were plentiful with the market in rally mode. However, we don't want to add too many plays bullish plays if we're expecting a dip. I'm listing a few extra candidates that caught my eye.

Check them out: CCMP, DCOM, DKS, FAF, OGE, SJI, SRDX, WIBC, and ZBRA


NEW BULLISH Plays

Inland Real Estate Corp. - IRC - close: 8.90 change: +0.09 stop: 8.49

Company Description:
Inland Real Estate Corporation is a Real Estate Investment Trust ("REIT") based in Oak Brook, Illinois. We acquire, own and manage neighborhood and community retail centers located primarily in the Midwest. Inland Real Estate Corporation currently owns interests in and manages 139 properties in fourteen states, with approximately 14 million square feet of real estate totaling $1.8 billion in asset acquisition value (source: company press release or website)

Why We Like It:
Some of the larger REIT stocks have been showing significant relative strength the last few weeks. It might be due to investors looking for a dividend yield. Shares of IRC offer a pretty strong dividend in the 6-7% level. It seems like investors are losing their fear that the commercial real estate market is going to implode. Now they might be wrong and it could be the CRE market that sends the economy lower later this year but for now the perception seems to be changing. I like IRC because the stock has built a significant base over the last several months. A breakout over resistance should be herald a major change in trend.

I am suggesting a trigger to buy IRC at $9.25. The April 2009 high was $9.24. The January 2010 high was $9.17. I'm going to give this trade a relatively wide stop loss at $8.49. If triggered at $9.25 our first target to take profits is $9.99. Our second target is $10.95. Investors could probably hold on to IRC for months and aim for the $12.50-13.00 zone. Our time frame is several weeks.

Use a trigger to open positions at $9.25

Suggested Position: IRC stock @ $9.25 (unopened)

Annotated chart:

Entry on March xx at $xx.xx
Earnings Date 05/06/10 (unconfirmed)
Average Daily Volume: 417 thousand
Listed on March 13th, 2010


Palomar Medical Tech. - PMTI - close: 10.38 change: +0.14 stop: 9.74

Company Description:
Palomar Medical Technologies designs, produces and sells the most advanced cosmetic lasers and intense pulsed light (IPL) systems to dramatically improve the appearance of women's and men's skin. (source: company press release or website)

Why We Like It:
The market for luxury services in the beauty industry might have slowed down given the economic hardships lately. However, it looks like shares of PMTI have finally found a bottom. The stock has been building a base in the $8.75-10.50 zone for months and now shares look ready to breakout higher. I am suggesting we use a trigger at $10.55 to open bullish positions. We will use a relatively wide stop loss to give PMTI room to maneuver. If triggered our first target is $11.45. Our second target is $12.75 but PMTI will have to push past technical resistance at the 200-dma first. Our time frame is several weeks.

Use a trigger to buy PMTI at $10.55

Suggested Position: PMTI stock @ 10.55 (unopened)

Annotated chart:

Entry on March xx at $xx.xx
Earnings Date 04/29/10 (unconfirmed)
Average Daily Volume: 132 thousand
Listed on March xxth, 2010