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)


DreamWorks Animation - DWA - close: 34.68 change: +0.70

Stop Loss: 33.45
Target(s): 39.50
Current Gain/Loss: unopened

Entry on December -- at $--.--
Listed on December 19, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 702 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
DWA is considered part of the services sector. The company produces animated films and television. The stock soared in late October as Wall Street reacted to DWA's better than expected Q3 earnings report. Since then shares have corrected but investors have been buying the dips and the trend of higher lows has emerged. Today DWA displayed relative strength and is on the verge of breaking out to new multi-year highs.

The late October high was $35.23. I am suggesting a trigger to open bullish positions at $35.35. If triggered our multi-week target is $39.50.

Trigger @ 35.35

Suggested Position: buy DWA stock @ (trigger)

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

Buy the Mar $35 call (DWA1422c35) current ask $2.35

Annotated chart: