Editor's Note:

Additional Trading Ideas:

In addition to tonight's new candidate(s), consider these stocks as possible trading ideas and watch list candidates. Some of these may need to see a break past key support or resistance:

(bullish ideas) CQB, CAMP, DANG, RPXC, TMH, DNKN, PMC, PODD,

(bearish ideas) CLF, EXXI, FCX, SLV,


Trimble Navigation - TRMB - close: 26.44 change: -0.35

Stop Loss: 27.01
Target(s): 23.00
Current Gain/Loss: unopened

Entry on June -- at $--.--
Listed on June 11, 2013
Time Frame: 4 to 6 weeks
Average Daily Volume = 1.7 million
New Positions: Yes, see below

Company Description

Why We Like It:
TRMB is a major competitor in the GPS navigation and positioning systems for a variety of industries. Unfortunately, it looks like Wall Street isn't buying it. The stock peaked back in January this year. When TRMB reported earnings on April 30th they missed and warned for the second quarter.

In spite of the bad news in its latest earnings report TRMB stock managed a bounce from $26 toward $30 before rolling over under its 100-dma. Now the stock is back to testing support at $26.00. This time, if TRMB breaks down, it could signal an acceleration of the larger down trend.

I am suggesting a trigger to launch bearish positions at $25.90. If triggered our target is $23.00.

Trigger @ 25.90

Suggested Position: short TRMB stock @ (trigger)

- (or for more adventurous traders, try this option) -

Buy the AUG $25 PUT (TRMB1317T25) current ask $0.90

Annotated chart: