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)
CNK, ELLI, DLX, VRSN, FB, XLS, LUV, UNXL, FCX, DKS, AIG, AVT, LRCX, BEN, ITT, TEN, ADSK, PAY, MOV, XRX



NEW BULLISH Plays

Pandora Media - P - close: 27.51 change: +1.07

Stop Loss: 25.75
Target(s): 32.50
Current Gain/Loss: unopened

Entry on October -- at $--.--
Listed on October 05, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 16.6 million
New Positions: Yes, see below

Company Description

Why We Like It:
Pandora is an Internet radio service. As of January 2013 the company had 175 million registered users and over 65 million active users. There have been concerns over Pandora's business and potential competition with rivals like Spotify and Rdio. The biggest threat seems to be Apple's iTunes Radio but investors are obviously not that concerned. The past few weeks have seen Pandora breakout to new all-time highs, above its IPO debut back in 2011.

On a short-term basis P is consolidating sideways in the $26-28 zone. I am suggesting a trigger to open bullish positions at $28.15. If triggered our multi-week target is $32.50. However, I have to warn you that the $30.00 level could be round-number, psychological resistance. It's also worth pointing out that P could see more short covering. The most recent data listed short interest at 28% of the 146 million share float.

Trigger @ 28.15

Suggested Position: buy P stock @ (trigger)

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

Buy the 2014 Jan $30 call (P1418a30) current ask $3.10

Annotated chart:



NEW BEARISH Plays

BJ's Restaurant - BJRI - close: 28.25 change: -0.45

Stop Loss: 29.55
Target(s): 25.00
Current Gain/Loss: unopened

Entry on October -- at $--.--
Listed on October 05, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 315 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
BJ's operates dozens of casual dining restaurants across the U.S. Unfortunately for shareholders the trend is down on both a long-term and short-term basis. The stock collapsed back in July on a worse than expected earnings report. Shares accelerated lower again in late September during the stock market's pullback. The most recent oversold bounce just failed at short-term resistance at the simple 10-dma. Now BJRI is hitting multi-year lows.

I am suggesting small positions because BJRI does have above average short interest. The most recent data listed short interest at 17% of the small 23.2 million share float. I am not listing the options but you could buy put options to limit your risk in a bearish trade on BJRI.

Tonight we're suggesting a trigger for bearish positions at $27.75. If triggered our target is $25.00.

Trigger @ 27.75

Suggested Position: short BJRI stock @ (trigger)

Annotated chart: