NEW BULLISH Plays

Electronic Arts - EA - close: 28.59 change: +0.05

Stop Loss: 27.45
Target(s): 34.00
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 01, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 5.0 million
New Positions: Yes, see below

Company Description

Why We Like It:
EA is in the technology sector. The company is one of the largest video game makers in the world. It looks like investors have turned positive on the stock with shares up several weeks in a row. One catalyst is probably the platform refresh cycle with both Microsoft and Sony launching new systems recently (the X-box One and Play Station 4).

EA has managed to rally past its 2013 highs. The intraday high this past week was $28.73. I am suggesting a trigger to open small bullish positions at $28.85. We do want to keep our position size small since EA is arguably already overbought. Of course stocks can stay overbought for a long time so we want to hop on this momentum now. We'll try and limit our risk with a stop loss at $27.45. Our multi-week target is $34.00. The Point & Figure chart for EA is bullish with a $43.00 target.

Trigger @ 28.85 *small positions*

Suggested Position: buy EA stock @ $28.85

Annotated chart:



Tyson Foods, Inc. - TSN - close: 39.45 change: +0.54

Stop Loss: 38.45
Target(s): 44.50
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 01, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.3 million
New Positions: Yes, see below

Company Description

Why We Like It:
TSN is in the consumer goods sector. The company raises chicken, beef, pork and makes related products. The stock has been a strong performer, ending the month at new all-time highs. That is somewhat surprising since TSN just issued cautious guidance, below Wall Street's 2014 estimates. Investors didn't seem to care. They bought the dip at its 10-dma and TSN outperformed the market on Friday with a +1.3% gain.

It is possible that the $40.00 level could be round-number resistance. Therefore we're suggesting small bullish positions if TSN can trade at $40.15. If triggered our multi-week target is $44.50.

Trigger @ 40.15 *small positions*

Suggested Position: buy TSN stock @ $40.15

Annotated chart: