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:
WOOF, HIG, MS, NWL, RESI, LNC, BMA, KS, TEN, SEE, MU, LUV, KEY,
NEW BULLISH Plays
Comerica Inc. - CMA - close: 45.29 change: +0.50
Stop Loss: 44.40
Current Gain/Loss: unopened
Entry on November -- at $--.--
Listed on November 21, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.5 million
New Positions: Yes, see below
Why We Like It:
CMA is in the financial sector. This regional bank operates three segments: a business bank, retail bank, and wealth management.
The stock has been a consistent performer for the bulls with traders buying the dips near its 10-dma. Now after more than a week of consolidating sideways near the $45.00 level shares of CMA are breaking out to multi-year highs.
Today's intraday high was $45.52. I am suggesting a trigger to launch bullish positions at $45.65. If triggered our target is $49.90.
Trigger @ 45.65
Suggested Position: buy CMA stock @ (trigger)
- (or for more adventurous traders, try this option) -
Buy the 2014 Jan $45 call (CMA1418a45) current ask $1.50