Editor's Note:

In addition to tonight's new candidate, consider these stocks as possible trading ideas and watch list candidates:

(bullish candidates): PAAS, GG, PJC, CHKR, CNC, DISCK, ARII, ROST, and NWSA


Teck Resources Ltd. - TCK - close: 41.06 change: +0.77

Stop Loss: 39.49
Target(s): 43.95
Current Gain/Loss: unopened
Time Frame: 2 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
TCK is a diversified mining company. Shares have been consolidating under technical resistance at the 200-dma. The stock looks poised to breakout soon. I am suggesting a trigger to open small bullish positions at $41.30 with a stop at $39.49. Our short-term target is $43.95. More aggressive traders could aim higher. The Point & Figure chart for TCK is bullish with a long-term $64.00 target.

Trigger @ 41.30

Suggested Position: buy TCK stock @ (trigger)

- or -

buy the Apr $42 call (TCK1221D42) current ask $1.78

Annotated chart:

Entry on February xx at $ xx.xx
Earnings Date 02/09/12
Average Daily Volume = 3.0 million
Listed on February 28, 2011