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:
LLL, PKG, INFY, CYT, GD, FLT, ITW, DHR, IPGP, OTEX
NEW DIRECTIONAL CALL PLAYS
The Chubb Corp. - CB - close: 94.72 change: -0.10
Stop Loss: 93.75
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below
Why We Like It:
CB is in the financial sector. The company provides property and casualty insurance. The company's latest earnings report in late October was bullish. CB beat analyst estimates on both the bottom and top line. If that wasn't good enough management then raised their guidance. The stock tagged new all-time highs today but struggled with resistance near the $95.00 level. More importantly CB managed to withstand the market's widespread sell off this afternoon.
Today's high was $95.15. I am suggesting a trigger to buy calls at $95.25. If triggered our target is $99.75.
FYI: The Point & Figure chart for CB is bullish with a $104 target.
Trigger @ 95.25
- Suggested Positions -
buy the 2014 Jan $95 call (CB1418a95) current ask $1.73
Entry on November -- at $---.--
Average Daily Volume = 967 thousand
Listed on November 18, 2013