In addition to tonight's new candidate(s), consider these stocks as possible trading ideas and watch list candidates. Some of these stocks may need to see a break past key support or resistance:
DRQ, CVD, ALNY, SBUX, LMT, CI, RTN, FLR, YELP, LII, OPEN, RH, FDX, HUM, PRU,
NEW DIRECTIONAL CALL PLAYS
Buffalo Wild Wings Inc. - BWLD - close: 109.55 change: +2.93
Stop Loss: 106.25
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below
Why We Like It:
BWLD is cashing in on the hot wings, beer and sports bar concept. Aside from the correction lower in July the stock has been a consistent winner since its late 2012 lows. BWLD displayed relative strength today with a +2.7% gain and a surge to round-number, psychological resistance at the $110 mark. This is a new all-time high. If the rally continues BWLD could see some short covering.
We are suggesting a trigger to buy calls at $110.25. If triggered our target is $118.50.
The Point & Figure chart for BWLD is bullish with a $121 target.
Trigger @ 110.25
- Suggested Positions -
buy the Oct $115 call (BWLD1319j115) current ask $2.10
Entry on August -- at $---.--
Average Daily Volume = 425 thousand
Listed on August 22, 2013