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)
STC, IILG, HW, YRCW, OVTI, BLUE, TXT, LUV, TEX, CRZO, BITA, UIS, PMC, TEVA,



NEW BULLISH Plays

Penn Virginia Corp. - PVA - close: 15.01 change: +0.24

Stop Loss: 14.29
Target(s): 18.50
Current Gain/Loss: unopened

Entry on February -- at $--.--
Listed on February 27, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.8 million
New Positions: Yes, see below

Company Description

Why We Like It:
PVA is in the basic materials sector. The company is an independent oil and gas producer in the U.S. The stock soared to new highs following its earnings report on Feb. 19th. PVA has now spent the last few days digesting gains in a sideways consolidation. There appears to be short-term resistance near $15.15. A breakout could spark some short covering. The most recent data listed short interest at 14% of the very small 19.4 million share float.

I am suggesting a trigger to open bullish positions at $15.20. If triggered our multi-week target is $18.50.

Trigger @ 15.20

Suggested Position: buy PVA stock @ (trigger)

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

Buy the APR $15 call (PVA1419D15) current ask $1.15

Annotated chart: