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. Some of these may need to see a break past key support or resistance:

(bullish ideas) USB, XONE, TRAK, SCHW, MU, WWWW, AMD,

(bearish ideas) TIBX, MG, VCRA, STRZA, NUAN,



NEW BULLISH Plays

Community Health Systems - CYH - close: 46.61 change: +1.83

Stop Loss: 44.85
Target(s): 51.00
Current Gain/Loss: unopened

Entry on June -- at $--.--
Listed on June 25, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.2 million
New Positions: Yes, see below

Company Description

Why We Like It:
CYH is in the hospital industry. Shares were trading at new all-time highs just two weeks ago. Since then the stock has seen a correction of more than -10%. Traders are buying the dip near its trend line of support and its 100-dma. Today's move saw CYH showing a lot of relative strength.

I am suggesting a trigger to launch bullish positions at $47.05. If triggered our target is $51.00. More aggressive traders could definitely aim higher.

Trigger @ 47.05

Suggested Position: buy CYH stock @ (trigger)

Annotated chart:



NEW BEARISH Plays

Energy XXI Ltd. - EXXI - close: 23.91 change: -0.59

Stop Loss: 25.05
Target(s): 20.25
Current Gain/Loss: unopened

Entry on June -- at $--.--
Listed on June 25, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.0 million
New Positions: Yes, see below

Company Description

Why We Like It:
EXXI is in the oil and gas industry. after a sharp March-April sell-off the oversold bounce failed at the 50% retracement level (see chart). Shares have continued to underperform its peers. Now EXXI is breaking down below support near $24.00.

I am suggesting a trigger to launch bearish positions at $23.40, which is just below Monday's low. If triggered our target is $20.25. However, I do want to point out that it is possible that the April lows near $21.50 could be support so more conservative traders may want to exit near $21.50 instead.

Trigger @ 23.40

Suggested Position: short EXXI stock @ (trigger)

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

Buy the Jul $24 PUT (EXXI1320S24) current ask $1.00

Annotated chart: