Editor's Note:

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

(bullish ideas)
CP, COST, MMM, KSU, PH, ITW, DHR, ETN, LL.



NEW DIRECTIONAL CALL PLAYS

Dover Copr. - DOV - close: 92.07 change: +0.71

Stop Loss: 89.95
Target(s): 99.50
Current Option Gain/Loss: Unopened
Time Frame: 4 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
DOV is in the industrial goods sector. The company manufacturers a wide range of specialized components and products. The stock sold off just prior to its earnings report. They announced bottom line results that beat estimates but the revenue number was a miss. Shares spiked lower on the news toward support near $85.00 and its 100-dma. Traders jumped in to buy the weakness and DOV reversed. The stock has been up almost every day since with only a couple of exceptions.

The long-term trend is up and DOV is poised to breakout to new all-time highs. More aggressive traders may want to buy calls above today's high (92.13). I see the mid-September peak near $92.85 as potential trouble. Therefore we're suggesting a trigger to buy calls at $93.00. If triggered our target is $99.50. The Point & Figure chart for DOV is bullish with a $105 target.

Trigger @ 93.00

- Suggested Positions -

Buy the DEC $95 call (DOV1322L95) current ask $1.25

Annotated Chart:

Entry on October -- at $---.--
Average Daily Volume = 1.0 million
Listed on October 29, 2013