BULLISH Play Updates

Apartment Investment & Mgmt - AIV - close: 15.96 chg: +0.66 stop: 13.49

AIV got a shot in the arm today and shook off the doldrums it's been in since the September high and surpassed it today. It's too bad the daily chart is showing a lot of bearish divergence as AIV tries to climb above its September high. More conservative traders may want to raise their stop toward $14.00.

Our first target to take profits is at $16.50. Our second target is $18.50 but we may not have time. The plan is to exit ahead of the October 30th earnings report.

Entry on   October 07 at $14.72 /gap open higher
                            /originally listed at $14.52
Change since picked:     + 1.24   			
Earnings Date          10/30/09 (confirmed)    
Average Daily Volume:       3.6 million 
Listed on   October 07, 2009    


Airgas Inc. - ARG - close: 49.65 change: +1.25 stop: 45.85

After yesterday's dip to $47.71 traders bought it and then drove it higher today. It looks like a test of the September high at 50.29 is on the agenda. More conservative traders may want to raise their stops toward the 50-dma near $46.70.

Our first target is $52.45. Our second target is $54.85. More aggressive traders could aim higher. The Point & Figure chart is bullish and predicting a $77 target.

Entry on September 25 at $47.25
Change since picked:     + 2.40  			
Earnings Date          10/29/09 (confirmed)    
Average Daily Volume:       1.5 million 
Listed on September 19, 2009    


AZZ Inc. - AZZ - close: 40.03 change: +0.75 stop: 37.85

AZZ remains stuck in a relatively tight trading range over the past week. A rebound from here would be encouraging because right now some of the technical indicators are starting to turn bearish. But the stock did make a move over $40.00 and may have triggered some of you into a play. Our first target is $44.00. Our second target is $47.50.

Entry on   October 07 at $40.08 /gap open higher
                             /originally listed at $39.73
Change since picked:     - 0.05   			
Earnings Date          01/07/09 (unconfirmed)    
Average Daily Volume:       120 thousand
Listed on   October 07, 2009    


BE Aerospace - BEAV - close: 21.14 change: +0.56 stop: 18.49

I would still expect a dip toward $20.00 in BEAV. I'm not suggesting new positions at this time. Our target is $22.25.

Entry on September 12 at $19.19 
Change since picked:     + 1.95   			
Earnings Date          10/27/09 (confirmed)    
Average Daily Volume:       834 thousand
Listed on September 12, 2009    


Sotheby's - BID - close: 19.38 change: +1.17 stop: 16.80

Why We Like It:
After dropping back to support near $18 BID made a strong dash back up to Monday's high. It may pull back some but it looks good for continued upside.

I would use small positions (about 1/2 to 1/4 your normal trade size) to limit risk. Our first target is $19.95 since the $20.00 mark could be round-number resistance. Our second target is $22.00. Currently the Point & Figure chart is bullish with a $30 target. We do not want to hold over the early November earnings report.

Entry on   October 13 at $18.21 
Change since picked:     + 1.17   			
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       861 thousand
Listed on   October 13, 2009    


Cracker Barrel - CBRL - close: 36.56 chg: +0.48 stop: 32.80

CBRL didn't enjoy the same kind of rally the rest of the market did but was nonetheless bullish. A dip or a bounce near $35.00 could be used as a new entry point. Our first target is $39.75. The Point & Figure chart is forecasting a $57 target.

Entry on   October 10 at $36.00 
Change since picked:     + 0.56   			
Earnings Date          11/24/09 (unconfirmed)    
Average Daily Volume:       322 thousand
Listed on   October 10, 2009    


Check Point Software - CHKP - cls: 29.96 change: +0.22 stop: 27.35

The rally in CHKP may be running low on steam and today's rally attempt fizzled early. I had warned readers on Monday that the $30.00 level could be round-number resistance and shares were probably due for a little pull back. I would prefer to open new positions on a dip near $28.50. Our first target is $32.50.

Entry on   October 06 at $29.19 
Change since picked:     + 0.77   			
Earnings Date          10/27/09 (unconfirmed)    
Average Daily Volume:       2.4 million 
Listed on   October 06, 2009    


Capstone Turbine - CPST - close: 1.41 change: +0.00 stop: 1.18

CPST wasn't able to make any progress today. Our first target is $1.75. We don't want to hold over the November earnings report. FYI: The Point & Figure chart is bullish with a $2.75 target.

Entry on   October 10 at $ 1.40 
Change since picked:     + 0.01   			
Earnings Date          11/09/09 (unconfirmed)    
Average Daily Volume:       3.7 million 
Listed on   October 10, 2009    


Carpenter Tech. - CRS - close: 23.68 change: +1.19 stop: 21.90

CRS got a strong bounce back up towards last Thursday's high and pulled back a little. It looks good for a continuation of the rally after a perhaps a small pullback. I'm not suggesting new positions at this time.

CRS has already hit our first target. Our secondary target is $27.40.

Entry on September 05 at $21.45 /gap higher entry
                             /originally listed at $20.92
Change since picked:     + 2.23
                             /1st target hit @ 24.90 (+16.0%)
Earnings Date          10/28/09 (unconfirmed)    
Average Daily Volume:       536 thousand
Listed on September 05, 2009    


DELL Inc. - DELL - close: 15.63 change: +.032 stop: 14.75

DELL bounced off its 50-dma but like techs in general it was not able to hold its initial high this morning. It was tough to enter a new position today but the pullback from the high is offering another opportunity. New entries may want to pull your stop up a little and park it just beneath the 50-dma, currently near 15.23.

Our first target to take profits is at $16.95. Our second target is $19.75. DELL doesn't move super fast so this play could take several weeks. We'll plan to exit ahead of the mid November earnings report.

Entry on   October 06 at $15.51 
Change since picked:     + 0.12   			
Earnings Date          11/19/09 (unconfirmed)    
Average Daily Volume:      25.6 million 
Listed on   October 06, 2009    


F5 Networks - FFIV - close: 43.94 change: +1.29 stop: 38.45 *new*

Is it possible a rally could be too strong? The move up from the end of September is looking a bit frothy--a parabolic climb. The best thing for this stock would be to consolidate sideways for a bit and that would make for another good entry point. A dip to support near $40.00 would be another opportunity. Please note our new stop at $38.45. Our first target to take profits is at $44.50 which it came close to today. I'd like to aim higher but we may not have time. Earnings are in a couple of weeks.

Entry on   October 07 at $40.63 
Change since picked:     + 3.31   			
Earnings Date          10/21/09 (unconfirmed)    
Average Daily Volume:       1.2 million 
Listed on   October 07, 2009    


General Electric - GE - close: 16.84 change: +0.45 stop: 15.49

We've got just one more day left. I'm raising our stop loss to $15.49 and aggressive traders may want to raise it to 16.43 to have it just below today's gap. I'm not suggesting new positions at this time. We will plan to exit on Thursday, October 15th at the closing bell to avoid holding over earnings on Friday morning.

GE has already hit our first target. We're currently aiming for $18.50. I do consider this an aggressive trade so we want to keep our positions small.

Entry on September 14 at $15.49 /gap higher entry
                             /originally listed at $15.35
Change since picked:     + 1.35
                            /1st target hit @ 17.25 (+11.3%)
Earnings Date          10/16/09 (confirmed)    
Average Daily Volume:        83 million 
Listed on September 14, 2009    


Gold Fields Ltd - GFI - close: 14.92 change: -0.13 stop: 12.99

Gold was weaker than the broader market and it showed in gold stocks. I'd prefer to open new positions on a dip near $14.00 but shares have been trading in a $14.50-15.00 zone lately.

Our first target is $15.75. Our second target is $19.75 but that may be a little optimistic given our time frame. We plan to exit ahead of the late October earnings report. The Point & Figure chart is very bullish with a $21 target.

Entry on September 30 at $13.78 
Change since picked:     + 1.14   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       7.7 million 
Listed on September 30, 2009    


Starwood Hotels - HOT - close: 35.28 change: +1.31 stop: 29.90 *new*

HOT finished strong but had an even stronger rally under way until just after lunch and then it retraced almost half ot it. But so far it fits as just a normal correction before proceeding higher again. outperformed the market with a 2.6% gain. Our plan was to use small position sizes to limit our risk.

Our first target is $34.75 and the second target is $39.00. FYI: HOT has above average short interest (more than 15% of the float).

Entry on   October 01 at $31.00
Change since picked:     + 3.00   			
Earnings Date          10/27/09 (unconfirmed)    
Average Daily Volume:       3.4 million 
Listed on September 19, 2009    


Microsoft - MSFT - close: 25.96 change: +0.15 stop: 24.40

I was hoping the INTC earnings would be the catalyst to push MSFT above resistance near $26.00. The good news is that it did. The bad news is that it didn't stick--MSFT dropped back down to close this morning's gap before bouncing into the close. I'm not suggesting new positions at this time. MSFT reports earnings on October 23rd, which gives about less than two weeks left for this play. Our target is $27.75.

Entry on      July 27 at $23.00
Change since picked:     + 2.96   			
Earnings Date          10/23/09 (confirmed)    
Average Daily Volume:        58 million 
Listed on  July 23, 2009    


NII Holdings - NIHD - close: 31.01 change: +0.79 stop: 27.60

I'm growing concerned about the rebound in NIHD. It's starting to falter and some of the short-term technicals are beginning to hint at a bearish move lower. I would be concerned if it closed under the $29.75 level. The good news is that today the stock made it above the highs for this week so may have broken resistance and will continue higher. The next resistance level is the September high of 31.39. More conservative traders may want to raise their stops. The plan was to use small position sizes (1/2 to 1/4 normal size) to limit risk. Our first target is $33.75. FYI: The P&F chart is very bullish with a $57 target.

Entry on   October 08 at $30.60
Change since picked:     + 0.41   			
Earnings Date          10/22/09 (unconfirmed)    
Average Daily Volume:       3.4 million 
Listed on September 23, 2009    


Petrobras - PBR - close: 49.86 change: +1.38 stop: 43.70

PBR continues to look strong but I wouldn't be surprised to see a dip soon. Broken resistance in the $46.50-46.00 zone should now be support.

The $50.00 level is probably round-number, psychological resistance so don't be surprised to see PBR pull back on its initial test of the $50 mark.

Our first target is $52.50. Our second target is $59.00. The P&F chart is bullish with a $63 target.

Entry on   October 08 at $46.80
Change since picked:     + 3.06   			
Earnings Date          11/13/09 (unconfirmed)    
Average Daily Volume:      12.8 million 
Listed on   October 07, 2009    


Patriot Coal - PCX - close: 13.33 change: +0.31 stop: 9.95

We've been expecting a little correction after PCX's big bounce and this week has been a little volatile. The short-term direction is up for grabs. I'd still look for a deeper pull back before the stock moves much higher.

I'm using a wide stop loss given PCX's recent volatility. We'll take profits at $13.90. I've optimistically set a secondary target at $16.75 but the plan is to exit ahead of the late October earnings report.

Entry on   October 05 at $12.14 /gap open higher
                            /originally listed at $11.78
Change since picked:     + 1.19   			
Earnings Date          10/28/09 (unconfirmed)    
Average Daily Volume:       6.4 million 
Listed on   October 05, 2009    


Pride Intl. Inc. - PDE - close: 30.96 change: -0.01 stop: 29.49 *new*

PDE tried to rally early this morning but gave it up and then consolidated near the lows. More conservative traders may want to exit early or scale down their position sizes. I'm raising our stop loss to $29.49. If PDE continues lower I'm watching technical support at the rising 30-dma.

Our first target is $34.75. We'll plan to exit ahead of the late October earnings report.

Entry on   October 08 at $31.15
Change since picked:     - 0.19   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       3.7 million 
Listed on September 12, 2009    


Playboy Ent. - PLA - close: 3.70 change: +0.13 stop: 2.95

Shares of PLA continue to scream higher although today's price action looks like it needed to do a little consolidation after the initial gap up. This is the 5th day of a move that has gone pretty much straight up so more conservative traders may want to exit early with the stock this overbought. If the stop loss to $2.95 is not tight enough for you then consider a stop closer to $3.20.

Our second and final target is $3.95. FYI: The Point & Figure chart is bullish with a long-term $7.50 target.

Entry on September 01 at $ 2.65
Change since picked:     + 1.05 
                            /take profits 09/16/09 (+17.7%)
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       370 thousand
Listed on  August 29, 2009    


Market Vectors: Steel - SLX - close: 58.28 change: +3.01 stop: 49.95

After stalling at the September high for the past few days SLX rocketed higher, starting with a big gap up and never looking back. It's probably due a pullback but it's looking good for our second upside target of %59.50 after tagging our first target at $54.75. I'm not suggesting new positions at this time.

Entry on   October 01 at $50.25 *triggered
Change since picked:     + 8.03   			
                            /1st target hit @ 54.75 (+8.9%)
Earnings Date          00/00/00 
Average Daily Volume:       309 thousand
Listed on September 19, 2009    


Stryker Corp. - SYK - close: 45.92 change: +0.58 stop: 43.90

I remain very cautious on SYK but not wary enough to drop it. With our stop loss at $43.90 we can control the risk. More aggressive traders can keep their stop under the 50-dma. I'm not suggesting new positions.

Our first target is $47.75.

Entry on   October 06 at $44.54 *new entry 
Change since picked:     + 1.38  			
Earnings Date          10/20/09 (confirmed)    
Average Daily Volume:       3.2 million 
Listed on   October 03, 2009    


Tractor Supply Co. - TSCO - close: 52.20 change: -0.99 stop: 48.90

We've been expecting a correction in TSCO and today it started with a little more power, which is a little surprising considering how bullish the market was today. Shares need to fill the gap and that means a dip back toward $51.00. Our first target is $54.40 and our second target is $57.45 but that's probably too aggressive given our time frame. I would exit the majority of our position at $54.40. We need to exit ahead of the October 21st earnings report. FYI: The Point & Figure chart is very bullish with a $72 target.

Entry on   October 06 at $50.56 
Change since picked:     + 1.64   			
Earnings Date          10/21/09 (confirmed)    
Average Daily Volume:       384 thousand
Listed on   October 06, 2009    


VisionChina Media - VISN - close: 8.67 change: +0.15 stop: 7.45

We've been expecting a dip back toward what should be support in the $8.15-8.00 zone but so far price looks to be consolidating in a trading range between 8.40 and 9.20. Look for a bounce near $8.00 as a new entry point. Remember, this is a very aggressive trade and we want to keep our positions small.

Our first target is $10.90. Our second target is $13.75. The Point & Figure chart is bullish with a $15.00 target. My time frame is several weeks (maybe year end).

Entry on   October 07 at $ 8.53 
Change since picked:     + 0.14   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       407 thousand
Listed on   October 07, 2009    



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