NEW BULLISH Plays

Avery Dennison - AVY - close: 30.85 change: +0.49

Stop Loss: 29.75
Target(s): 33.40
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
AVY is in the industrial goods sector. Shares have been stair-stepping higher. Traders bought the dip near $30.00 this morning but AVY rebounded to new multi-month highs. Today's +1.6% gain is also a breakout past technical resistance at its simple and exponential 200-dma.

I am suggesting a trigger to open bullish positions at $31.05 with a stop loss at $29.75. Our target is the late July highs near the bottom of its gap down. We will plan to exit at $33.40. FYI: The Point & Figure chart for AVY is bullish with a $43.00 target.

Trigger @ $31.05

Suggested Position: buy AVY stock @ 31.05

- or -

buy the Apr $30 call (AVY1221D30) current ask $1.65

Annotated chart:

Entry on February xx at $ xx.xx
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 1.5 million
Listed on February 23, 2011


The Hain Celestial Group - HAIN - close: 40.94 change: +0.85

Stop Loss: 39.35
Target(s): 44.75
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
HAIN sells a number of natural, organic products and specialty teas. Shares have spent the last several days consolidating sideways near the $40 level. Today's rally looks like a resumption of the prior up trend.

I am suggesting we open bullish positions tomorrow morning but only if both HAIN and the S&P 500 index open positive. We'll use a stop loss at $39.35. Our multi-week target is $44.75. FYI: The Point & Figure chart for HAIN is bullish with a long-term $59.00 target.

Do not enter position unless HAIN and the S&P 500 are both positive at the open

Suggested Position: buy HAIN stock @ the open

Annotated chart:

Entry on February xx at $ xx.xx
Earnings Date 05/03/12 (unconfirmed)
Average Daily Volume = 430 thousand
Listed on February 23, 2011