Analogic Corp. - ALOG - close: 40.85 change: +1.24 stop: 38.99

Why We Like It:
ALOG creates medical and security imaging systems. This small cap stock caught my eye because shares appear to be breaking out from a seven-month trading range with resistance in the $40-41 zone. The October high was $41.26. I'm suggesting traders use a trigger at $41.51 to open bullish positions. We'll set our initial stop loss at $38.99. More conservative traders may want to consider a stop closer to $40.00. Our first target to take profits is at $44.90. I'd aim higher but ALOG is due to report earnings on December 9th and we don't want to hold over the report. FYI: The P&F chart is bullish with a $54 target.

Annotated chart:

Entry on  November xx at $xx.xx <-- TRIGGER @ 41.51
Change since picked:     + 0.00   			
Earnings Date          12/09/09 (confirmed)    
Average Daily Volume:      41.5 thousand
Listed on  November 24, 2009