Editor's Note:

Bullish candidates are plentiful given the market's rally. I wanted to list a few additional stocks that caught my eye.

SLXP - The stock just broke out past the $32.00 level. I'd be tempted to buy a dip back toward $32 with a stop under $30.00.

SBIB - This stock looks a lot like PMTI and IRC before they broke out. SBIB might be a candidate on a breakout past the January high.

FRED - Shares look pretty bullish with the two-day rally. I would prefer to see a dip or a close over the 200-dma.

LRCX - Semiconductor stocks have been showing strength. LRCX just broke out past resistance near $36.00 and its 100-dma. Consider looking for a dip back towards $36.

FWLT - The stock could be forming an inverse H&S pattern. A close over $28.25 or its 200-dma might be a bullish entry point.

SRCL - I would be tempted to launch bullish positions on a move over $57.00. My target would be the $62 area but that could take weeks to achieve.


Check Point Software - CHKP - close: 34.85 change: +0.04 stop: 29.95

Company Description:
Check Point Software Technologies Ltd. (www.checkpoint.com), the worldwide leader in securing the Internet, is the only vendor to deliver Total Security for networks, data and endpoints, unified under a single management framework. Check Point provides customers with uncompromised protection against all types of threats, reduces security complexity and lowers total cost of ownership. Check Point first pioneered the industry with FireWall-1 and its patented stateful inspection technology. (source: company press release or website)

Why We Like It:
Technology stocks have been leaders in this market rally. I like CHKP because the trend is up but shares don't look so overbought. The stock has been consolidating under resistance near the $35.00 level. In just the last couple of days that consolidation has narrowed suggesting a breakout is imminent. I am suggesting a trigger to buy CHKP at $35.25. If triggered our target is $37.90. We'll use a stop loss at $33.90.

Trigger to open bullish positions at $35.25

Suggested Position: BUY CHKP stock at $35.25 (unopened)

Option Traders:
Suggested Position: BUY APRIL $35 call (CHKP 10D35.00) current ask $0.65

Annotated chart:

Entry on March xx at $xx.xx
Earnings Date 04/27/10 (unconfirmed)
Average Daily Volume: 1.6 million
Listed on March 23rd, 2010

EMC Corp. - EMC - close: 18.94 change: +0.11 stop: 18.35

Company Description:
EMC Corporation (NYSE: EMC) is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. (source: company press release or website)

Why We Like It:
EMC is another technology stock that while near new highs doesn't look quite so overbought. EMC has been consolidating sideways under the $19.00 level the last couple of weeks after breaking out from a five-month trading range. The rally will probably continue if shares can make it past the $19.00 level. I'm suggesting a trigger to buy the stock at $19.05. If triggered our first target is $20.00, since this level has been resistance in the past. Our second target is $21.00 but that could take a few weeks to achieve.

Trigger to buy the stock at $19.05

Suggested Position: BUY EMC stock at $19.05 (unopened)

Annotated chart:

Entry on March xx at $xx.xx
Earnings Date 04/21/10 (unconfirmed)
Average Daily Volume: 20.4 million
Listed on March 23rd, 2010