NEW BULLISH Plays

Autodesk, Inc. - ADSK - close: 50.59 change: +0.15

Stop Loss: 49.25
Target(s): 56.50
Current Gain/Loss: unopened

Entry on January -- at $--.--
Listed on January 27, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.6 million
New Positions: Yes, see below

Company Description

Why We Like It:
ADSK is in the technology sector. The company makes application software and they're probably best known for their AutoCAD software. This stock produced an impressive rally in the second half of 2013. That rally continued in January but shares peaked near $54.00 a few days ago. On an intraday basis the stock has already seen a -8.9% correction from its January high and today's low. We like how traders bought the dip today and ADSK rebounded back into positive territory.

I am suggesting a trigger to launch bullish positions at $51.10. If triggered I am setting our target at $56.50 but we will plan to exit prior to ADSK's earnings report in late February.

Trigger @ 51.10

Suggested Position: buy ADSK stock @ (trigger)

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

Buy the MAR $55 call (ADSK1422C55) current ask $1.29

Annotated chart:



Arrowhead Research - ARWR - close: 12.03 change: +0.31

Stop Loss: 11.15
Target(s): 15.00
Current Gain/Loss: unopened

Entry on January -- at $--.--
Listed on January 27, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 790 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
ARWR is in the healthcare sector. The company operates in the biotech field. Biotechs were strong performers last year. ARWR continued to show relative strength this year and it looks like traders have started buying the dip after a one-week pullback.

Regular readers know that I see biotech stocks as aggressive, higher-risk trades. You never know when the wrong headline regarding some clinical trial or step in the FDA approval process might go wrong and send the stock plummeting. Approach this trade with caution. I am suggesting small positions.

ARWR displayed relative strength today with a +2.6% gain. The simple 10-dma is at $12.26. I am suggesting a trigger to open small bullish positions at $12.30. if triggered our target is $15.00.

Trigger @ 12.30 *small positions*

Suggested Position: buy ARWR stock @ (trigger)

Annotated chart: