NEW BULLISH Plays

Agilent Technologies - A - close: 42.99 change: +2.00

Stop Loss: 39.95
Target(s): 47.50
Current Gain/Loss: unopened
Time Frame: 1 week
New Positions: Yes, see trigger

Company Description

Why We Like It:
Shares of A were showing some relative strength on Friday with a +4.8% bounce as traders bought the dip near the rising 50-dma. A has been consolidating for about two weeks after hitting 8-year highs in mid January. I suspect the rebound continues but we don't have a lot of time. A is due to report earnings on February 14th and we don't want to hold over the announcement.

Aggressive traders could buy the bounce now. I am suggesting we buy a dip at $42.15 with a stop at $39.95. We'll rise the bounce until just before earnings.

FYI: The Point & Figure chart for A is bullish with a $79 target.

Trigger @ 42.15

Suggested Position: Buy A stock @ $42.15

- or -

Buy the February $43.00 calls (A1119B43) current ask $1.20

Annotated chart:

Entry on February xx at $xx.xx
Earnings Date 02/14/11 (confirmed)
Average Daily Volume: 3.3 million
Listed on February 5th, 2010


The TJX Companies - TJX - close: 49.70 change: +0.19

Stop Loss: 46.49
Target(s): 52.00, 54.50
Current Gain/Loss: unopened
Time Frame: 2 to 3 weeks
New Positions: Yes, see trigger

Company Description

Why We Like It:
TJX runs a number of retail and department stores with a handful of brands, namely T.J.Maxx and Marshalls. The stock has been outperforming both the market and its peers in the retail sector with strong gains in January. Now TJX is nearing potential round-number, psychological resistance at the $50.00 mark and I'm expecting a pull back. We want to be ready to buy the dip at $48.00 with a stop loss at $46.49. TJX has earnings in about two and a half weeks and we'll exit ahead of the report. We'll be aiming for $52.00 and $54.50.


FYI: The Point & Figure chart for TJX is bullish with a $62 target.

Trigger @ 48.00

Suggested Position: buy TJX stock @ $48.00

- or -

Buy the March $50.00 calls (TJX1119C50) current ask $1.30

Annotated chart:

Entry on February xx at $xx.xx
Earnings Date 02/23/11 (unconfirmed)
Average Daily Volume: 3.4 million
Listed on February 5th, 2010