NEW BULLISH Plays

Electronic Arts - EA - close: 14.84 change: +0.02

Stop Loss: 14.20
Target(s): 17.50
Current Gain/Loss: unopened

Entry on December xx at $ xx.xx
Listed on December 08, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.5 million
New Positions: Yes, see below

Company Description

Why We Like It:
Shares of EA have delivered a very impressive rally off its late October lows in spite of lowering its Q3 guidance. Shares have powered through multiple layers of resistance. Looking at the weekly chart it would seem that EA has finally found a bottom.

I am suggesting new bullish positions on Monday morning. More conservative traders might want to wait and look for a rally past $15.00 before initiating positions. EA can be volatile so we'll keep our position size small to limit our risk. We will target a move to $17.50 over the next few weeks. FYI: The Point & Figure chart for EA is bullish with a $21 target.

*Small Positions*

Suggested Position: buy EA stock @ (the open)

Annotated chart:



Granite Construction - GVA - close: 31.19 change: +0.79

Stop Loss: 29.90
Target(s): 34.50
Current Gain/Loss: unopened

Entry on December xx at $ xx.xx
Listed on December 08, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 240 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
Shares of GVA have been churning sideways in the $28-31 zone for several weeks. Recent strength has pushed shares to breakout to new two-year highs. This could herald the next leg higher. I am suggesting bullish positions now at the open on Monday. Our multi-week target is $34.50. FYI: The Point & Figure chart for GVA is bullish with a long-term $43.50 target.

Suggested Position: buy GVA stock @ (the open)

Annotated chart: