NEW BULLISH Plays

Advanced Micro Devices - AMD - close: 2.52 change: +0.06

Stop Loss: 2.37
Target(s): 2.98
Current Gain/Loss: unopened

Entry on December xx at $ xx.xx
Listed on December 18, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 27.5 million
New Positions: Yes, see below

Company Description

Why We Like It:
The semiconductor index (SOX) was showing relative strength today and is challenging technical resistance at its 200-dma. If the sector continues to rally it will definitely help power further strength in the NASDAQ. It could also inspire bulls in AMD. Shares of AMD have seen a crushing decline over the last several months but it looks like shares have finally found a bottom.

The past two weeks have seen AMD consolidating sideways under resistance near $2.50 but with a bullish trend of higher lows. Now AMD is breaking out. I want to see a little bit more confirmation so I am suggesting a trigger to open positions at $2.55. If triggered our target is $2.98. More aggressive traders could aim higher. We want to keep our position size small to limit our risk.

Trigger @ 2.55 *Small Positions*

Suggested Position: buy AMD stock @ (trigger)

Annotated chart:



Suntech Power - STP - close: 1.07 change: +0.02

Stop Loss: 0.97
Target(s): 1.48
Current Gain/Loss: unopened

Entry on December xx at $ xx.xx
Listed on December 18, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.8 million
New Positions: Yes, see below

Company Description

Why We Like It:
The solar energy stocks have been showing strength following bullish news out of China in recent days. It looks like shares of STP have been building a significant bottom over the last four months. A breakout past resistance could definitely fuel some short covering.

I am suggesting a trigger to open bullish positions at $1.11. If triggered our multi-week target is $1.48. Just because STP is cheap, I would not go overboard on your position size. This can be a volatile stock. I am suggesting we keep our position size small to limit our risk.

Trigger @ $1.11 *Small Positions*

Suggested Position: buy STP stock @ (trigger)

Annotated chart: