Editor's Note:

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

(bullish ideas) GNC, DIS, KOP, VNTV, TRMK, PDCO, ADM

(bearish ideas) OAS, PETD, ALTR, RVBD, LOGM, RRGB, INFY


Meridian Biosciences - VIVO - close: 19.74 change: +0.29

Stop Loss: 19.10
Target(s): 22.00
Current Gain/Loss: unopened
Time Frame: 4 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
VIVO is a healthcare diagnostics company. Shares exploded higher n late April following a better than expected earnings report. The move was likely fueled by the stock's above average short interest and a small float. Now the correction lower seems to be over. VIVO is bouncing from technical support.

Aggressive traders may want to launch bullish positions now. I am suggesting a trigger at $20.25. We'll use a stop loss at $19.10. Our multi-week target is $22.00.

Trigger @ $20.25

Suggested Position: buy VIVO stock @ (trigger)

Annotated chart:

Entry on May xx at $ xx.xx
Earnings Date 07/19/12 (unconfirmed)
Average Daily Volume = 281 thousand
Listed on May 8, 2011