Editor's Note:

Additional Trading Ideas:

In addition to tonight's new candidate(s), consider these stocks as possible trading ideas and watch list candidates. Many of these need to see a break past key support or resistance:

(bullish ideas) E, ARNA, REED, EPAY

(bearish ideas) PCAR, INCY, AREX,


NEW BEARISH Plays

Trimble Navigation - TRMB - close: 46.76 change: -0.91

Stop Loss: 48.55
Target(s): 42.50
Current Gain/Loss: unopened

Entry on October xx at $ xx.xx
Listed on October 10, 2012
Time Frame: exit prior to earnings on Nov. 1st
Average Daily Volume = 697 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
Shares of this tech company have produced a dramatic reversal lower in recent weeks. After reversing in mid September the stock plunged back toward technical support. Since then TRMB produced a one-week oversold bounce only to reverse lower again. Now shares are poised to hit new multi-week lows.

I am suggesting small bearish positions if TRMB can trade at $46.50 or lower. If triggered our target is $42.50 but we want to exit prior to the next earnings report on November 1st.

Trigger @ 46.50 (Small Positions)

Suggested Position: short TRMB stock @ (trigger)

- (or for more adventurous traders, try this option) -

buy the Nov $45 PUT (TRMB1211w45) current ask $1.45

Annotated chart: