NEW BULLISH Plays

Ryder Systems Inc. - R - close: 49.65 change: +0.48

Stop Loss: 47.40
Target(s): 53.00
Current Gain/Loss: unopened
Time Frame: 3 to 5 weeks
New Positions: Yes, see trigger

Company Description

Why We Like It:
This past week saw R breakout from a four-week consolidation pattern. The stock also broke out over resistance at its 30-dma, its 50-dma and its three-month trendline of lower highs. Traders have already retested the $48.00 level as new support. I suspect the $50.00 level may still be short-term resistance and I'm looking for a little dip here.

Let's use a trigger to open bullish positions at $48.75. If triggered we'll use a stop at $47.40. Our target is the $53.00 level. We do not want to hold over the late April earnings report.

Trigger @ 48.75

Suggested Position: buy R stock @ 48.75

- or -

Buy the May $50 call (R1121E50) current ask $2.20

Annotated chart:

Entry on March x at $xx.xx
Earnings Date 04/21/11 (unconfirmed)
Average Daily Volume: 388 thousand
Listed on March 26th, 2011


Williams Companies, Inc. - WMB - close: 31.13 change: +0.48

Stop Loss: 29.45
Target(s): 34.50
Current Gain/Loss: + 0.0%
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
WMB is a natural gas pipeline company and its stock has produced a strong up trend over the last several months. Recently shares have been consolidating sideways but WMB seems to be breaking out past resistance as of Friday's close over $31.00.

I am suggesting small positions now with a stop loss at $29.45.

- Open Small Bullish Positions Now -

Suggested Position: Buy WMB stock @ current levels

- or -

Buy the May $30 calls (WMB1121E30) current ask $2.08

Annotated chart:

Entry on March 28 at $xx.xx
Earnings Date 05/05/11 (unconfirmed)
Average Daily Volume: 7.0 million
Listed on March 26th, 2011