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:
GNTX, EVEP, PGR, TTC,
NEW BULLISH Plays
Synaptics - SYNA - close: 35.46 change: +0.96
Stop Loss: 33.95
Current Gain/Loss: unopened
Entry on February -- at $--.--
Listed on February 7, 2013
Time Frame: 4 to 8 weeks
Average Daily Volume = 895 thousand
New Positions: Yes, see below
Why We Like It:
SYNA is in the computer peripherals industry. In late January the stock soared toward resistance near $40.00 following a bullish earnings report. The company announced higher profits, higher revenues, and guided higher for the next quarter. Since then shares have suffered a post-earnings depression filled with profit taking but the correction seems to be over.
I am suggesting small bullish positions now at current levels. More conservative traders may want to use a trigger at $36.05 instead as their entry point. Our target is $39.50.
Suggested Position: buy SYNA stock @ (the open)