NEW BULLISH Plays

Cognex Corp. - CGNX - close: 39.90 change: +0.72

Stop Loss: 38.80
Target(s): 44.00
Current Gain/Loss: unopened

Entry on January -- at $--.--
Listed on January 26, 2012
Time Frame: Exit PRIOR to earnings on Feb. 11th
Average Daily Volume = 192 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
CGNX is a tech company that makes machine vision products and modular vision systems. The stock has been showing some relative strength and closed at new multi-month highs on Friday. Now shares are testing significant resistance at $40.00. A breakout here could signal a run towards its 2012 highs near $45.00.

I am suggesting a trigger to open bullish positions at $40.15. If triggered our target is $44.00. However, we do not want to hold over the Feb. 11th earnings report.
FYI: The Point & Figure chart for CGNX is bullish with a $57.00 target.

Trigger @ 40.15

Suggested Position: buy CGNX stock @ (trigger)

Annotated chart:



FLIR Systems - FLIR - close: 24.19 change: +0.06

Stop Loss: 23.45
Target(s): 26.25
Current Gain/Loss: unopened

Entry on January -- at $--.--
Listed on January 26, 2012
Time Frame: exit PRIOR to earnings on Feb. 7th
Average Daily Volume = 952 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
Worries about potential spending cuts for the defense industry (the fiscal cliff's sequestration) have not stopped the rally in FLIR. The stock is up big from its November lows. Now shares are pushing past resistance near $24.00. We want to jump on board. This is a short-term trade. I am suggesting small bullish positions at the open on Monday. We will exit prior to the earnings report on February 7th. Our target is $26.25.
FYI: The Point & Figure chart for FLIR is bullish with a $34.50 target.

*Small Positions*

Suggested Position: buy FLIR stock @ (the open)

Annotated chart: