NEW BULLISH Plays

Citigroup - C - close: 43.02 change: +0.86

Stop Loss: 41.49
Target(s): 48.50
Current Gain/Loss: unopened

Entry on February -- at $--.--
Listed on February 2, 2013
Time Frame: 6 to 9 weeks
Average Daily Volume = 35 million
New Positions: Yes, see below

Company Description

Why We Like It:
The financial sector is hitting new multi-year highs. Shares of Citigroup have quite a ways to go before they hit multi-year highs but the larger trend is definitely up for this global bank. Citigroup looks ready to breakout past resistance in the $43.00-43.50 area. I am suggesting a trigger to open bullish positions at $43.55. If triggered our multi-week target is $48.50. More aggressive traders may want to play the call options on C.
FYI: The Point & Figure chart for C is bullish with a long-term $56.00 target.

Trigger @ 43.55

Suggested Position: buy C stock @ (trigger)

Annotated chart:



Synopsys Inc. - SNPS - close: 33.92 change: +0.48

Stop Loss: 33.45
Target(s): 37.50
Current Gain/Loss: unopened

Entry on February -- at $--.--
Listed on February 2, 2013
Time Frame: exit prior to the late February earnings report
Average Daily Volume = 1.1 million
New Positions: Yes, see below

Company Description

Why We Like It:
SNPS is a technology company in the semiconductor industry. Big picture the stock is in a wide, bullish channel. On a short-term basis the stock is bouncing from a test of technical support at its 10-dma. It's also nearing potential resistance at its 2012 highs set last September in the $34.00-34.20 area.

More aggressive traders could launch new bullish positions now. I am suggesting a trigger to open positions at $34.25.

Trigger @ 34.25

Suggested Position: buy SNPS stock @ (trigger)

Annotated chart: