Editor's Note:

In addition to tonight's new candidate(s), consider these stocks as possible trading ideas and watch list candidates. Many of these need to see a break past key support or resistance:

(bullish ideas) VMC, ASH, CIB, EOG, MSI, APC, WST, RY, NDSN, ATHN, VMI, CRR


NEW DIRECTIONAL CALL PLAYS

Rockwell Automation - ROK - close: 80.39 change: +1.44

Stop Loss: 78.90
Target(s): 84.75
Current Option Gain/Loss: Unopened
Time Frame: 3 to 5 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
ROK has spent over a month consolidating sideways under resistance at the $80.00 level. Now shares are finally breaking out and hitting new eight-month highs. This should herald the next leg higher and ROK is likely to challenge the next level of resistance near $85.00.

I want to see a little bit of confirmation. I am suggesting a trigger to buy calls at $80.60 with a stop loss at $78.90. Our target is $84.75.

Trigger @ 80.60

- Suggested Positions -

buy the 2013 Jan $85 call (ROK1319a85) current ask $1.00

Annotated Chart:

Entry on December xx at $ xx.xx
Average Daily Volume = 1.0 million
Listed on December 05, 2012