Foster Wheeler - FWLT - close: 32.23 change: -2.17 stop: 29.75

Why We Like It:
I recently listed FWLT in an editor's note as a stock to watch for a pull back. Shares are correcting with a 6.3% drop today. The stock should find some support in the $30.00 region and we want to hop on board. I'm suggesting a trigger to open positions at $30.75. If triggered our first target is $34.75. Our second target is $37.50. FYI: The P&F chart is very bullish with a target north of $50.

Annotated Chart:

Picked on September xx at $ xx.xx <-- TRIGGER @ 30.75
Change since picked:       + 0.00
Earnings Date            11/04/09 (unconfirmed)
Average Daily Volume =        2.9 million  
Listed on September 24, 2009