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) BGS, CBI, OAK, MOH, JNPR, PAY, SAFM


NEW BULLISH Plays

Gulfport Energy - GPOR - close: 38.90 change: +0.59

Stop Loss: 37.40
Target(s): 44.00
Current Gain/Loss: unopened

Entry on December xx at $ xx.xx
Listed on December 13, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.0 million
New Positions: Yes, see below

Company Description

Why We Like It:
Most of the energy sector was hit with profit taking today but GPOR displayed relative strength with a +1.5% gain. The stock has spent the last week and a half digesting its late November gains. Now GPOR is hitting new all-time record highs.

I am suggesting we use a trigger to open bullish positions at $39.25. If triggered we will target the $44.00 level. More conservative traders may want to wait for GPOR to rally past $40.00 since the $40 level could be round-number resistance.

Trigger @ 39.25

Suggested Position: buy GPOR stock @ (trigger)

Annotated chart: