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:
HP, BWA, NUS, GS, AMP, TSO, ATK,
NEW DIRECTIONAL CALL PLAYS
Tiffany & Co - TIF - close: 90.85 change: +1.54
Stop Loss: 88.45
Current Option Gain/Loss: Unopened
Time Frame: exit PRIOR to February option expiration
New Positions: Yes, see below
Why We Like It:
TIF is in the services sector. The company operates 275 jewelry stores around the world. The stock shot higher in late November following its better than expected earnings report. TIF beat on both the top and bottom line and then raised their guidance. Shares have spent over a week consolidating sideways on either side of the $90.00 level. This morning the stock was upgraded and the combination of an upgrade and a widespread market rally helped push TIF to a new all-time closing high.
Today's intraday high was $91.10. I am suggesting a trigger to buy calls at $91.25. Our target is $98.50.
The Point & Figure chart for TIF is bullish with a $102 target.
FYI: Shares of TIF will begin trading ex-dividend on December 18th. The quarterly cash dividend should be 34 cents.
Trigger @ 91.25
- Suggested Positions -
buy the FEB $95 call (TIF1422b95) current ask $1.99
Entry on December -- at $---.--
Average Daily Volume = 1.25 million
Listed on December 16, 2013