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)
OI, CAR, SLCA, CSIQ, INSY, WAG, MS



NEW BULLISH Plays

Micron Technology - MU - close: 17.58 change: -0.11

Stop Loss: 17.40
Target(s): 19.90
Current Gain/Loss: unopened

Entry on November -- at $--.--
Listed on November 02, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 52 million
New Positions: Yes, see below

Company Description

Why We Like It:
MU is in the technology sector. The company makes semiconductors and memory chips. The stock hit new multi-year highs in the $18.75 area back in early October. Since then shares have corrected following a five-week rally. It appears that MU has found new support in the $16.50 area and now the up trend seems to have returned. Over 10% of the float is short interest and further gains could spark some short covering.

More aggressive traders may want to launch bullish positions now. I am suggesting a trigger to open bullish positions at $18.05 (about 15 cents above Friday's high). If triggered our target is $19.90.

Trigger @ 18.05

Suggested Position: buy MU stock @ (trigger)

Annotated chart:



Yandex N.V. - YNDX - close: 38.03 change: +1.17

Stop Loss: 35.90
Target(s): 1st target @ 41.75, 2nd target @ 44.50
Current Gain/Loss: unopened

Entry on November -- at $--.--
Listed on November 02, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.2 million
New Positions: Yes, see below

Company Description

Why We Like It:
YNDX is considered part of the technology sector. The company operates an Internet search engine in Russia. The company reported earnings on October 24th and beat Wall Street's estimates for both the top and bottom line. Management provided optimistic guidance. Shares initially sold off on the news and have since continued to correct lower. That is until Friday.

This stock has corrected to support at its long-term up trend and technical support at its simple 50-dma. Friday's bounce from support after a -14% correction from its high looks like a bullish entry point. However, I want to caution you that this is an aggressive, higher-risk trade. YNDX can be a volatile stock.

I am suggesting small bullish positions if YNDX can trade at $38.50. If triggered our first target is $41.75. Our secondary, more aggressive target is $44.50.

Trigger @ 38.50 *small positions*

Suggested Position: buy YNDX stock @ (trigger)

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

buy the 2014 Jan $40 call (YNDX1418a40) current ask $1.75

Annotated chart: