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:
KMT, MSG, AKAM, FBHS, TTM, BGS, SAH
NEW BULLISH Plays
Juniper Networks, Inc. - JNPR - close: 19.78 change: +0.19
Stop Loss: 19.25
Current Gain/Loss: unopened
Entry on December xx at $ xx.xx
Listed on December 17, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 7.8 million
New Positions: Yes, see below
Why We Like It:
Networking company JNPR has seen its stock price rebound sharply from support near $16.00 to resistance near $20.00. Along the way JNPR has sliced through every significant moving average. After a minor consolidation sideways between $19.50 and $19.00 this past week JNPR now looks ready to breakout again.
The stock can be somewhat volatile so I am suggesting we keep our position size small. Use a trigger to open bullish positions at $20.15. If triggered our multi-week target is $23.50.
FYI: The Point & Figure chart for JNPR is bullish with a $26.00 target.
Trigger @ 20.15
Suggested Position: buy JNPR stock @ (trigger)