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)
IWM, SBUX, FISV, ECL, GD, APH, ABC, STZ, CVS, CL, HSIC, SPY, YUM, CRR, MHK, SM, MCK, FLT, MON, AXP, IBB, JAZZ, ANDE, MMM, ETN.



NEW DIRECTIONAL CALL PLAYS

Western Digital Corp. - WDC - close: 74.83 change: +0.89

Stop Loss: 72.75
Target(s): 79.75
Current Option Gain/Loss: Unopened
Time Frame: 4 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
WDC is in the technology sector. The company makes data storage products. The most recent earnings report was a bit lackluster and the stock didn't see a lot of post-earnings movement. However, after a two-week consolidation sideways WDC resumed its rally with a surge to new all-time highs last week.

Traders have been buying the recent dip at its rising 10-dma. We believe the trend continues. Today's high was $75.15. I am suggesting a trigger to buy calls at $75.25. More conservative traders may want to wait for a rally past the November 15th high at $76.10 before initiating positions.

Our target is $79.75 but more aggressive traders may want to aim higher. The Point & Figure chart for WDC is bullish with a $91 target.

Trigger @ 75.25

- Suggested Positions -

Buy the 2014 Jan $80 call (WDC1418a80) current ask $1.40

Annotated Chart:

Entry on November -- at $---.--
Average Daily Volume = 2.4 million
Listed on November 21, 2013