NEW BULLISH Plays

Computer Sciences Corp. - CSC - close: 42.01 change: +0.01

Stop Loss: 39.95
Target(s): 44.90
Current Gain/Loss: unopened

Entry on January xx at $ xx.xx
Listed on January 15, 2012
Time Frame: Exit prior to earnings on Feb. 5th
Average Daily Volume = 1.4 million
New Positions: Yes, see below

Company Description

Why We Like It:
Shares of this technology stock have been consistently marching higher since the company delivered better than expected earnings back in November. The recent breakout past resistance at $40.00 is another bullish sign. Right now CSC is consolidating between short-term support at its 10-dma and short-term resistance at $42.00.

I am suggesting a trigger to open bullish positions at $42.20. More conservative traders could wait for a rally past yesterday's high at $42.30 instead. If triggered our target is $44.90.

Trigger @ 42.20

Suggested Position: buy CSC stock @ (trigger)

Annotated chart:



Polypore Intl. - PPO - close: 42.20 change: +1.16

Stop Loss: 39.95
Target(s): 47.00
Current Gain/Loss: unopened

Entry on January xx at $ xx.xx
Listed on January 15, 2012
Time Frame: exit prior to earnings on Feb. 20th
Average Daily Volume = 542 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
PPO is in the industrial goods sector. The stock has seen some pretty heavy profit taking after hitting new multi-month highs on January 2nd this year. The drop from $48 to $40 was a -16.6% correction. Now traders are starting to buy the dip again. I will warn you that the stock is definitely prone to big swings. It looks like the next swing is higher.

I am suggesting small positions to limit our risk. Let's initiate positions at the opening bell tomorrow. Our multi-week target is $47.00.

Suggested Position: buy PPO stock @ (the open)

Annotated chart: