Additional Trading Ideas:
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:
TMK, DIS, CRZO, MANT, UNT, CI, KMT, ANDE, USG, LAD, TG, APOG
NEW BULLISH Plays
Fortune Brands Home & Security - FBHS - close: 30.33 change: +0.32
Stop Loss: 29.25
Current Gain/Loss: unopened
Entry on December xx at $ xx.xx
Listed on December 20, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.5 million
New Positions: Yes, see below
Why We Like It:
FBHS is in the consumer goods sector. They make a wide variety of home furnishings, fixtures, and home security products. The stock has been consolidating sideways under resistance near $30.00 for several weeks.
You'll notice it has developed a bullish trend of higher lows. Now the stock is poised to breakout to new all-time highs.
I am suggesting a trigger to open bullish positions at $30.60. If triggered our multi-week target is $34.00.
Trigger @ 30.60
Suggested Position: buy FBHS stock @ (trigger)