NEW BULLISH Plays

East West Bancorp - EWBC - close: 34.39 change: +0.28

Stop Loss: 32.90
Target(s): 39.00
Current Gain/Loss: unopened

Entry on October -- at $--.--
Listed on October 23, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.2 million
New Positions: Yes, see below

Company Description

Why We Like It:
EWBC is a regional bank headquartered in Pasadena, CA. The stock has been outperforming its peers in both the regional banking industry and the wider financial sector. The last few days have seen EWBC consolidate sideways but Friday's session left EWBC at a new multi-year closing high.

I am suggesting a trigger to buy calls at $34.50. If triggered our multi-week target is $39.00.

Trigger @ 34.50

Suggested Position: buy EWBC stock @ (trigger)

Annotated chart:



Sonoco Products Co. - SON - close: 41.03 change: +0.33

Stop Loss: 39.75
Target(s): 44.75
Current Gain/Loss: unopened

Entry on October -- at $--.--
Listed on October 23, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 436 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
SON is in the consumer goods sector. The company makes industrial and consumer packaging. Shares rallied on their latest earnings report (October 17th). Since then SON has broken out past key resistance near $40.00. The relative strength continued with SON ending the week at new six-year highs. The next level of resistance is the $45.00 area.

I am suggesting a trigger to open bullish positions at $41.25. If triggered our target is $44.75. More aggressive traders may want to aim higher.

NOTE: Nimble traders may want to wait and see if SON will provide a dip back toward the $40.50-40.00 zone and use that pullback as an entry point.

Trigger @ 41.25

Suggested Position: buy SON stock @ (trigger)

Annotated chart: