NEW BULLISH Plays

Big Lots Inc. - BIG - close: 36.51 change: +0.64

Stop Loss: 34.75
Target(s): 41.50
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 20, 2013
Time Frame: 3 to 6 weeks
Average Daily Volume = 650 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
BIG is a "close out" retailer. The stock popped higher on its last earnings report back in early March. Since then it's taken six weeks for shares to digest those gains and rebound back toward those early March highs. We want to be ready to buy the breakout.

The March 6th high was $36.73. I am suggesting a trigger to open bullish positions at $36.80. If BIG does break out higher it could see a short squeeze. The most recent data listed short interest at 17% of the 52.7 million share float.

If triggered our target is $41.50. The Point & Figure chart for BIG is bullish with a long-term $53.00 target.

Trigger @ 36.80

Suggested Position: buy BIG stock @ (trigger)

Annotated chart:



1-800-Flowers.com - FLWS - close: 5.35 change: +0.06

Stop Loss: 5.09
Target(s): 5.95
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 20, 2013
Time Frame: exit PRIOR to earnings on April 30th
Average Daily Volume = 139 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
Shares of this specialty retailer are trading near multi-year highs. FLWS has been languishing under the $5.00 level since late 2008. You can see that shares endured a tug-of-war near the $5.00 mark for much of March. It appears that the bulls have won that battle and now traders are buying the dips.

FLWS can be somewhat volatile so I do consider a more aggressive, higher-risk trade. We will want to keep our position size small. I am suggesting a trigger at $5.41. If triggered our target is $5.95. However, the plan will be to exit prior to the April 30th earnings report so we don't have much time.

FYI: The Point & Figure chart for FLWS is bullish with a long-term $10.75 target.

Trigger @ $5.41 *Small Positions*

Suggested Position: buy FLWS stock @ (trigger)

Annotated chart: