Editor's Note:

In addition to tonight's new candidates, consider these stocks as possible trading ideas:

BRY - BRY looks bullish here. Readers might want to wait for a rally past the October high near $48.00.

MRX - This stock looks weak and could be a bearish candidate on a breakdown below $32.00.


NEW BULLISH Plays

Gulfport Energy - GPOR - close: 33.20 change: +0.90

Stop Loss: 31.40
Target(s): 37.00
Current Gain/Loss: unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
Oil and energy stocks were showing relative strength on Monday. GPOR rallied to new multi-week highs. Shares could make a run at its 2011 highs. I am suggesting small bullish positions at the open but only if both GPOR and the S&P 500 open positive. We'll use a stop loss at $31.40. Our target is $37.00 but keep an eye on the $35.00 level, which could be resistance.

Do not enter position unless GPOR and the S&P500 are both positive at the open

Suggested Position: buy GPOR stock @ the open

- or -

buy the FEB $35 call (GPOR1218B35) current ask $0.90

Annotated chart:

Entry on January xx at $ xx.xx
Earnings Date 03/12/12 (unconfirmed)
Average Daily Volume = 522 thousand
Listed on January 23, 2011


Teck Resources - TCK - close: 41.60 change: +0.28

Stop Loss: 40.75
Target(s): 49.00
Current Gain/Loss: unopened
Time Frame: up to Feb 9 earnings report.
New Positions: Yes, see below

Company Description

Why We Like It:
TCK is a Canadian company in the metals and mining industry. Shares are on the verge of breaking out past significant resistance near $43.00 and its simple 200-dma. Shares are also testing resistance at its long-term trend line of lower highs on its weekly chart (see below). The October 27, 2011 high was $43.05.

I am suggesting small bullish positions if TCK can trade at $43.10 or higher. We'll use a stop loss at $40.75 to start. More aggressive traders might want to keep their stop under $40.00 instead. Our target is the $49.00 level. Our target is pretty optimistic given our time frame. We do not want to hold over the Feb. 9th earnings report. FYI: The Point & Figure chart for TCK is bullish with a long-term $61.00 target.

Trigger @ $43.10 (small positions)

Suggested Position: buy TCK stock @ 43.10

- or -

buy the Feb $43 call (TCK1218B43) current ask $1.10

Annotated chart:

Weekly chart:

Entry on January xx at $ xx.xx
Earnings Date 02/09/12 (confirmed)
Average Daily Volume = 2.3 million
Listed on January 23, 2011