Editor's Note:

In addition to the new candidates listed tonight there were several stocks that caught my eye as potential bullish candidates. You may want to check them out or put them on your watch list. These are: BID, LDK, MANT, QGEN, and RVBD.

- James


NEW BULLISH Plays

ACI Worldwide Inc. - close: 29.64 change: +1.15

Stop Loss: 27.80
Target(s): 33.00, 34.75
Current Gain/Loss: + 0.0%
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
ACIW is a software company in the electronic payments industry. That's a hot business right now and shares held up very well during the recent market sell-off. I am suggesting bullish positions now or if we're lucky we might get to buy a dip in the $29-28 zone. The $30 level is short-term resistance but if the market cooperates this shouldn't hold the stock back too long. Our upside targets are $33.00 and $34.75.

FYI: ACIW does have options but the spreads are very wide, which puts us at a significant disadvantage.

open SMALL bullish positions now at current levels

Suggested Position: Buy ACIW stock @ current levels

Annotated chart:

Entry on February 25 at $xx.xx
Earnings Date 04/28/11 (unconfirmed)
Average Daily Volume: 122 thousand
Listed on February 24th, 2010


Intuit - INTU - close: 51.68 change: -0.32

Stop Loss: 49.49
Target(s): 54.75, 59.00
Current Gain/Loss: + 0.0%
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
INTU recently released a better than expected earnings report and raised their guidance. This produced the breakout higher. Shares spent the last three days consolidating those gains. Now broken resistance near $51-50 should be new support. I am suggesting we open bullish positions on this dip with a stop loss at $49.49.

open bullish positions now at current levels

Suggested Position: buy INTU stock @ current levels

- or -

Buy the March $52.50 calls (INTU1119C52.5) current ask $1.15

- or -

Buy the April $55.00 calls (INTU1116D55) current ask $0.90

Annotated chart:

Entry on February 25 at $xx.xx
Earnings Date 05/19/11 (unconfirmed)
Average Daily Volume: 2.8 million
Listed on February 24th, 2010