NEW BULLISH Plays

HB Fuller Co. - FUL - close: 45.76 change: +0.76

Stop Loss: 44.49
Target(s): 49.75
Current Gain/Loss: unopened

Entry on October -- at $--.--
Listed on October 12, 2013
Time Frame: 4 to 8 weeks
Average Daily Volume = 405 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
FUL is in the basic materials sector. The company makes adhesives, sealants, and other specialty chemical products. The company just reported earnings in late September and announced results that beat Wall Street estimates on both the top and bottom line. Management then raised their full year 2013 guidance. The stock exploded higher on the news and broke out from its $37.00-43.00 trading range.

During the stock market's recent correction FUL pulled back from $46.00 to $43.50. Now traders have stepped in to buy the dip. FUL is poised to breakout past $46.00 soon. I am suggesting a trigger to open bullish positions at $46.15. If triggered our target is $49.75. More aggressive traders may want to aim higher. FUL's point & figure chart has created a spread triple-top breakout buy signal with a $62 target.

Trigger @ 46.15

Suggested Position: buy FUL stock @ (trigger)

Annotated chart:



Scientific Games - SGMS - close: 17.48 change: +0.34

Stop Loss: 16.40
Target(s): 19.75
Current Gain/Loss: unopened

Entry on October -- at $--.--
Listed on October 12, 2013
Time Frame: 4 to 6 weeks
Average Daily Volume = 690 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
SGMS is in the gaming activities industry (think lottery and similar products). The company is currently in the process of acquiring WMS Industries (WMS). Shares of SGMS have been showing some relative strength. This last week the stock rallied to new multi-year highs. The next major resistance level looks like the $19.50-20.00 zone.

Friday's high was $17.50. I am suggesting a trigger to open small bullish positions at $17.60. If triggered our target is $19.75.

Trigger @ 17.60 *small positions*

Suggested Position: buy SGMS stock @ (trigger)

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

buy the NOV $17.50 call (SGMS1316k17.5) current ask $1.05

Annotated chart: