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:
ASTE, RJF, SXT, ENTA, C, STX, PZZA, THRM, CRZO,
NEW BULLISH Plays
Insulet Corp. - PODD - close: 50.18 change: +0.85
Stop Loss: 48.75
Current Gain/Loss: unopened
Entry on March -- at $--.--
Listed on March 20, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 617 thousand
New Positions: Yes, see below
Why We Like It:
PODD is in the healthcare sector. The company makes insulin infusion systems for people with diabetes.
The stock has been a slow and steady winner for the bulls over the last couple of years. The rally has started to pick up speed in 2014.
The last couple of weeks have seen PODD consolidating sideways under round-number, psychological resistance at the $50.00 level. A breakout here could spark some short covering. The most recent data listed short interest at 16% of the 51.7 million share float.
PODD's intraday highs this month have been in the $50.30-50.40 zone. I am suggesting a trigger to launch bullish positions at $50.50. If triggered our multi-week target is $58.50.
Trigger @ 50.50
Suggested Position: buy PODD stock @ $50.50