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:
VMW, KEX, ANF, RHT, WTW, VNO, FRT
NEW DIRECTIONAL CALL PLAYS
CH Robinson Worldwide - CHRW - close: 64.80 change: +0.26
Stop Loss: 63.75
Current Option Gain/Loss: Unopened
Time Frame: 2 to 3 weeks
New Positions: Yes, see below
Why We Like It:
The transportation sector continues to show relative strength. CHRW was showing some strength of its own on Monday. Shares look poised to breakout past round-number resistance at $65.00 soon.
I am suggesting a trigger to launch bullish positions at $65.20. If triggered we'll use a stop loss at $63.75. Our target is $69.25.
We do not want to hold over CHRW's earnings report, which is expected in very late January or early February so this is a short-term two or three week trade.
Trigger @ 65.20
- Suggested Positions -
buy the Feb $65 call (CHRW1316B65) current ask $1.85
Entry on January xx at $ xx.xx
Average Daily Volume = 1.3 million
Listed on January 14, 2012