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:
FLR, MPC, ECL, LNKD, AMP, NDSN
NEW DIRECTIONAL CALL PLAYS
Energizer Holdings - ENR - close: 80.40 change: +1.39
Stop Loss: 78.40
Current Option Gain/Loss: + 0.0%
Time Frame: 3 to 6 weeks
New Positions: Yes, see below
Why We Like It:
It's Christmas time and that means lots of shopping for many Americans. A lot of those presents might require batteries. When ENR reported earnings back in November it was one of the few companies that raised their guidance. Shares have since rallied to major resistance near $80.00.
Now after a few days consolidating sideways under this resistance level the stock is breaking out higher. I am suggesting bullish positions at the open tomorrow. We'll use a stop loss at $78.40. Our multi-week target is $84.50.
- Suggested Positions -
buy the 2013 Jan $85 call (ENR1319a85) current ask $0.80
Entry on December xx at $ xx.xx
Average Daily Volume = 784 thousand
Listed on December 06, 2012