NEW BULLISH Plays

BlackBerry Limited - BBRY - close: 8.92 change: +0.16

Stop Loss: 8.49
Target(s): 10.90
Current Gain/Loss: unopened

Entry on August -- at $--.--
Listed on August 03, 2013
Time Frame: 6 to 9 weeks
Average Daily Volume = 16.3 million
New Positions: Yes, see below

Company Description

Why We Like It:
Shares of BBRY were crushed back in late June after a disastrous Q1 earnings report. The company lost 13 cents a share when Wall Street was expecting a profit. Revenues were well below expectations. Product shipments were also well below estimates and then management lowered their Q2 estimates. The stock was crushed from about $14.50 to the $10.50 area. A month later BBRY was still sinking and hit lows near $8.60.

The last few days have brought about a change in character for BBRY. It's starting to look like the stock may have found a bottom. Friday saw BBRY outperform the broader market with a +1.8% gain and close above short-term resistance at its simple 10-dma.

I do consider this a more aggressive, higher risk trade but it definitely has potential if the sellers are finally exhausted. We are suggesting a trigger to open small bullish positions at $9.01. If triggered we'll use a stop below the recent lows. Our six to nine-week target is $10.90 since the $11.00 level should be resistance.

Trigger @ 9.01 *small positions*

Suggested Position: buy BBRY stock @ (trigger)

- (or for more adventurous traders, try this option) -

buy the 2014 Jan $10 call (BBRY1418a10) current ask $0.95

Annotated chart:



Delta Airlines - DAL - close: 21.95 change: -0.10

Stop Loss: 21.20
Target(s): 24.50
Current Gain/Loss: unopened

Entry on August -- at $--.--
Listed on August 03, 2013
Time Frame: 4 to 6 weeks
Average Daily Volume = 9.1 million
New Positions: Yes, see below

Company Description

Why We Like It:
The airline sector hit multi-year highs a few days ago. Shares of DAL are doing their part with a rally to new all-time highs on the stock (at least the current version of DAL's stock). The relative strength in DAL has pushed shares to resistance at the $22.00 mark. The high on Thursday was $22.05. I am suggesting a trigger to open bullish positions at $22.15. If triggered our target is $24.50.

DAL will begin trading ex-dividend on August 7th. The quarterly dividend should be six cents.
FYI: The Point & Figure chart for DAL is bullish with a long-term $34.50 target.

Trigger @ 22.15

Suggested Position: buy DAL stock @ (trigger)

- (or for more adventurous traders, try this option) -

buy the Sep $22 call (DAL1321i22) current ask $1.09

Annotated chart:



Texas Instruments - TXN - close: 39.94 change: -0.12

Stop Loss: 38.90
Target(s): 44.50
Current Gain/Loss: unopened

Entry on August -- at $--.--
Listed on August 03, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 8.2 million
New Positions: Yes, see below

Company Description

Why We Like It:
After a two-week pullback the SOX semiconductor index is bouncing from its trend of higher lows. Shares of TXN are outperforming their peers with a rally to new 12-year highs. The recent momentum has pushed TXN to round-number, psychological resistance at the $40.00 level.

A breakout past $40.00 could see the rally accelerate. We are suggesting a trigger to launch bullish positions at $40.20. If triggered our multi-week target is $44.50.

Trigger @ $40.20

Suggested Position: buy TXN stock @ (trigger)

- (or for more adventurous traders, try this option) -

buy the Sep $40.00 call (TXN1321i40) current ask $1.12

Annotated chart: