NEW BULLISH Plays

Salesforce.com, Inc. - CRM - close: 54.10 change: +1.09

Stop Loss: 52.25
Target(s): 59.75
Current Gain/Loss: unopened

Entry on October -- at $--.--
Listed on October 19, 2013
Time Frame: 3 to 5 weeks
Average Daily Volume = 4.0 million
New Positions: Yes, see below

Company Description

Why We Like It:
CRM is in the application software industry. They provide enterprise cloud computing services. The stock set a new all-time closing high on Friday. The stock has recovered nicely off its June lows. CRM gapped higher in late August after a better than expected earnings report and management raising their earnings guidance.

The last few weeks, following the post-FOMC meeting mid-September spike, has seen CRM consolidating in what looked like a bull-flag pattern. Now that CRM has broken out of that pattern it sets up for another big move higher.

I am suggesting a trigger to open bullish positions at $54.50. More conservative investors may want to wait for CRM to rise above $55.00 before initiating positions. If triggered I am suggesting a stop loss at $52.25. Our target is $59.75. We will plan to exit prior to CRM's earnings report in late November.

FYI: The Point & Figure chart for CRM is bullish with a long-term $77 target.

Trigger @ 54.50

Suggested Position: buy CRM stock @ (trigger)

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

buy the 2014 Jan $60 call (CRM1418a60) current ask $1.65

Annotated chart:



Foster Wheeler - FWLT - close: 27.83 change: -0.12

Stop Loss: 26.95
Target(s): 31.00
Current Gain/Loss: unopened

Entry on October -- at $--.--
Listed on October 19, 2013
Time Frame: exit PRIOR to earnings on Nov. 7th
Average Daily Volume = 891 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
FWLT is in the industrial goods sector. The company operates as an engineering and heavy construction company. Thus far 2013 has been a rocky year for FWLT. Yet the outlook for some of the heavy construction companies is improving. FWLT's volatile trading has faded into a steady march higher. Shares are now up seven weeks in a row.

We want to hop on board the FWLT train. I am suggesting a trigger to open bullish positions at $28.15. If triggered our target is $31.00 but we will plan to exit prior to FWLT's earnings report on November 7th.
FYI: The Point & Figure chart for FWLT is bullish with a $33.00 target.

Trigger @ 28.15

Suggested Position: buy FWLT stock @ (trigger)

Annotated chart: