NEW BULLISH Plays

Sun Hydraulics Corp. - SNHY - close: 27.30 change: +0.73

Stop Loss: 25.95
Target(s): 31.00
Current Gain/Loss: unopened

Entry on October xx at $ xx.xx
Listed on October 1, 2012
Time Frame: exit prior to earnings in November
Average Daily Volume = 54 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
SNHY is in the industrial goods sector. The company makes hydraulic system equipment. The stock has been consolidating sideways in the $26-27.50 zone for the last two weeks. If shares can breakout it might signal another leg higher.

I do consider this trade somewhat aggressive because SNHY does not have much volume. I am suggesting small bullish positions if SNHY can trade at $27.65. We will aim for $31.00. FYI: The Point & Figure chart for SNHY is bullish with a $38 target.

Trigger @ 27.65 *Small Positions*

Suggested Position: buy SNHY stock @ (trigger)

Annotated chart:



NEW BEARISH Plays

Matson, Inc. - MATX - close: 20.16 change: -0.75

Stop Loss: 21.05
Target(s): 16.50
Current Gain/Loss: unopened

Entry on October xx at $ xx.xx
Listed on October 1, 2012
Time Frame: 3 to 6 weeks
Average Daily Volume = 263 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
MATX is a shipping company. Transports have been a weak sector in the market and it's very evident in shares of MATX. The stock is trying to hold round-number support at the $20.00 level. The Sept. 24th low was $19.96.

I am suggesting a trigger to open bearish positions at $19.85. If triggered we will aim for $16.50.

Trigger @ 19.85

Suggested Position: short MATX stock @ (trigger)

Annotated chart: