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) RCL, SANM, PKI, SFD, JEC, RHI, SGY, SLAB, AIT, MDLZ, URI, AME, TTC, INT, RATE


NEW BULLISH Plays

Bank of America - BAC - close: 9.86 change: +0.03

Stop Loss: 9.65
Target(s): 11.50
Current Gain/Loss: unopened

Entry on December xx at $ xx.xx
Listed on December 01, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 150 million
New Positions: Yes, see below

Company Description

Why We Like It:
It has been a bumpy road but investors continue to buy dips in banking giant BAC. Now shares are challenging major resistance at the $10.00 level. A breakout here could spark a rush higher.

I am suggesting a trigger to open bullish positions at $10.10. If triggered our target is $11.50. More aggressive traders could aim for $12.00. This is a multi-week trade.

Trigger @ 10.10

Suggested Position: buy BAC stock @ (trigger)

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

buy the 2013 Jan $10 call (BAC1319a10) current ask $0.40

Annotated chart:



PerkinElmer Inc. - PKI - close: 31.65 change: +0.23

Stop Loss: 29.70
Target(s): 35.75
Current Gain/Loss: unopened

Entry on December xx at $ xx.xx
Listed on December 01, 2012
Time Frame: 6 to 9 weeks
Average Daily Volume = 661 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
PKI is in the medical instruments and supplies industry. The $30.00 level was major resistance for the stock. Since the initial breakout PKI has spent a month consolidating its gains. Now shares look ready to push past the $32.00 level.

I am suggesting a trigger to open bullish positions at $32.00. Our multi-week target is $35.75 as the $36.00 level looks like resistance. We will need to be patient as PKI doesn't move very fast.

Trigger @ 32.00

Suggested Position: buy PKI stock @ (trigger)

Annotated chart: