Sonoco Products - SON - close: 30.31 change: +0.30 stop: 28.49

Why We Like It:
SON produces industrial and consumer packaging products. Shares broke out over significant resistance near $30.00 this past week. The move looks like a new entry point to open bullish positions. I'm suggesting new positions now with a stop loss at $28.49. Our first target is $34.50. Our time frame is several weeks. FYI: The Point & Figure chart is bullish with a $42.50 target.

Annotated chart:

Entry on  December 26 at $30.31 
Change since picked:     + 0.00   			
Earnings Date          02/04/10 (unconfirmed)    
Average Daily Volume:       343 thousand
Listed on  December 26, 2009