NEW BULLISH Plays

Engility Holdings - EGL - close: 28.13 change: +0.34

Stop Loss: 26.99
Target(s): 32.50
Current Gain/Loss: unopened

Entry on June -- at $--.--
Listed on June 24, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 96 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
EGL is in the technical services industry. The stock has been showing relative strength and weathering the market's recent turmoil very well. Traders bought the dip this morning and EGL reversed to close up +1.2% and at its high for the day.

There appears to be some short-term resistance near $28.20 and a breakout past this level could spark some short covering. The most recent data listed short interest a 10% of the small 12.7 million share float.

Trigger @ 28.25

Suggested Position: buy EGL stock @ (trigger)

Annotated chart:



Shutterstock, Inc. - SSTK - close: 49.88 change: +0.16

Stop Loss: 47.45
Target(s): 54.85
Current Gain/Loss: unopened

Entry on June -- at $--.--
Listed on June 24, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 106 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
SSTK is another stock that has been holding up pretty well during the market's recent volatility. Shares are hovering just below round-number resistance at the $50.00 level. If shares can push higher SSTK might see some short covering. The most recent data listed short interest at 8% of the very, very small float of just 6.28 million shares.

Today's high was $50.38. I am suggesting a trigger to open bullish positions at $50.50. If triggered our target is $54.85.
FYI: The Point & Figure chart for SSTK is bullish with a $63 target.

Trigger @ 50.50 *small positions*

Suggested Position: buy SSTK stock @ (trigger)

Annotated chart: