NEW BULLISH Plays

Corn Products Intl. - CPO - close: 52.60 change: +1.44

Stop Loss: 50.75
Target(s): 57.50
Current Gain/Loss: unopened
Time Frame: just over 2 weeks
New Positions: Yes, see trigger

Company Description:
Corn Products International, Inc. is a leading global ingredient provider to the food, beverage, brewing and pharmaceutical industries as well as numerous industrial sectors. The Company produces ingredients that provide valuable solutions to customers in approximately 50 countries. For more information, visit www.cornproducts.com. (source: company press release or website)

Why We Like It:
CPO has spent over two weeks consolidating sideways under resistance at the $53.00 level. The stock looks poised to breakout soon and when it does we want to hop on board. I'm suggesting a trigger to launch small bullish positions at $53.25. Our target is $57.50. However, we will plan on exiting ahead of the early May earnings report.

Let's keep our position size small since CPO has a trendline of higher highs it has yet to break through. FYI: The Point & Figure chart for CPO is bullish with a $67 target.

Trigger @ $53.25 (Small Positions)

Suggested Position: buy CPO stock @ $53.25

- or -

Buy the May $55.00 call (CPO1121E55) current ask $0.95

Annotated chart:

Entry on April x at $xx.xx
Earnings Date 05/02/11 (confirmed)
Average Daily Volume: 771 thousand
Listed on April 19th, 2011