Editor's Note:

In addition to tonight's new candidate here is a list of stocks that caught my eye as potential trading ideas:

ACIW, BOBE, WCN, IPI, SXT, HAL, IPG, CHD, WOR, CAM, DRI, and JWN.

- James


NEW BULLISH Plays

CROCS Inc. - CROX - close: 27.14 change: +1.10

Stop Loss: 25.85
Target(s): 29.90, 31.75
Current Gain/Loss: unopened
Time Frame: up to its earnings report
New Positions: Yes, see below

Company Description

Why We Like It:
The market's widespread strength on Tuesday was enough to lift CROX from its sideways consolidation pattern near $26.00. Shares has been in neutral consolidation of higher lows and lower highs. Today's breakout should see a resumption of the prior up trend. I am suggesting bullish positions now. However, we only want to launch positions if both CROX and the S&P 500 are both positive tomorrow morning. There is a chance CROX could see a lot more short covering with shares nearing new multi-year highs. The most recent data listed short interest at 12.6% of the 83.9 million-share float. FYI: The Point & Figure chart for CROX is bullish with a $52.50 target.

If CROX and S&P 500 are both positive tomorrow morning.

Suggested Position: buy CROX stock @ current levels

- or -

buy the AUG $28 call (CROX1120H28) current ask $1.10

Annotated chart:

Entry on July xx at $ xx.xx
Earnings Date 08/04/11 (unconfirmed)
Average Daily Volume = 2.1 million
Listed on July 19, 2011