NEW BULLISH Plays

FLIR Systems - FLIR - close: 32.82 change: +0.35

Stop Loss: 31.95
Target(s): 36.00
Current Gain/Loss: unopened

Entry on August -- at $--.--
Listed on August 01, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.2 million
New Positions: Yes, see below

Company Description

Why We Like It:
FLIR is in the industrial goods sector. They make both aerospace and marine electronics. The stock's rally had stalled a couple of weeks prior to its earnings report. Then FLIR reported on July 25th and the results sent the stock soaring. Bottom line results missed estimates by two cents but revenues were better than expected and their backlog continues to grow.

The earnings-results rally was fueled by strong volume, which is normally a bullish signal. Traders have been buying the dips the last few days and shares are coiling for another breakout higher. I am suggesting a trigger to open bullish positions at $33.05. If triggered our target is $36.00.

NOTE: Stocks could be volatile tomorrow as investors react to the jobs report that comes out Friday morning before the bell. We do face the risk that FLIR initially spikes higher, hits our entry trigger, and then reverses.

Trigger @ 33.05

Suggested Position: buy FLIR stock @ (trigger)

Annotated chart: