NEW BULLISH Plays

CEMEX - CX - close: 4.22 change: +0.19

Stop Loss: 3.89
Target(s): 4.95
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
CX is a cement company, based in Mexico. The rebound off its October lows has been impressive. Traders have consistently bought the dips at CX's rising 10-dma. They did it again yesterday.

I am suggesting we launch bullish positions tomorrow but only if both CX and the S&P 500 index can open positive. We'll use a stop loss at $3.89. Our target is $4.95.

*See Entry Details Above*

Suggested Position: buy the stock @ the open

- or -

buy the Jan $5 call (CX1221A5) current ask $0.44

Annotated chart:

Entry on November xx at $ xx.xx
Earnings Date 10/26/11
Average Daily Volume = 20.3 million
Listed on November 2, 2011


Healthstream Inc. - HSTM - close: 15.51 change: +0.76

Stop Loss: 14.25
Target(s): 18.00
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
HSTM is a momentum stock that rallied to new all-time highs in the last few days. When the market was in sell-off mode early this week the profit taking in HSTM was pretty mild. Now shares look poised to make new highs again.

I am suggesting we open small positions tomorrow morning but only if HSTM and the S&P 500 index both open positive. We will use a stop loss at $14.25. Our target is $18.00. FYI: The Point & Figure chart for HSTM is bullish with a $17.50 target.

NOTE: HSTM does have options but the spreads are too wide to trade.

*See Entry Details Above* (small positions)

Suggested Position: buy the stock @ the open

Annotated chart:

Entry on November xx at $ xx.xx
Earnings Date 10/24/11
Average Daily Volume = 134 thousand
Listed on November 2, 2011


IMAX Corp. - IMAX - close: 19.38 change: +1.00

Stop Loss: 17.70
Target(s): 24.50
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
IMAX actually missed earnings by a penny last week but that didn't stop shares from breaking out past resistance at $18.00. Now the stock has retested broken resistance as new support. The bounce looks like a new entry point.

I am suggesting we open bullish positions tomorrow morning but only if IMAX and the S&P 500 index can both open positive. If triggered we'll use a stop loss at $17.70. Our multi-week target is $24.50. Keep in mind that the exponential 200-dma could be resistance near $22.50ish. FYI: The Point & Figure chart for IMAX is bullish with a $28.00 target.

*See Entry Details Above*

Suggested Position: buy the stock @ the open

- or -

buy the DEC $20 call (IMAX1117L20) current ask $1.40

Annotated chart:

Entry on November xx at $ xx.xx
Earnings Date 10/27/11
Average Daily Volume = 1.2 million
Listed on November 2, 2011