Editor's Note:

In addition to tonight's new candidate, consider these stocks as possible trading ideas and watch list candidates:

(bullish candidates): IP, TYC, JWN, MSI, PCYC, SHOO, ROST, SIRI, DIS, S


NEW BULLISH Plays

Constant Contact, Inc. - CTCT - close: 31.29 change: +0.66

Stop Loss: 29.45
Target(s): 34.75
Current Gain/Loss: unopened
Time Frame: 4 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
CTCT has been showing some relative strength the last few days. Further gains could spark a short squeeze. The most recent data listed short interest at 37% of the small 29 million-share float. I am suggesting a trigger to open bullish positions at $31.55 with a stop loss at $29.45. Our target is the $34.75 level.

Trigger @ $31.55

Suggested Position: buy CTCT stock @ (trigger)

- or -

buy the Apr $30 call (CTCT1221D30) current ask $2.80

Annotated chart:

Entry on February xx at $ xx.xx
Earnings Date 04/30/12 (unconfirmed)
Average Daily Volume = 662 thousand
Listed on February 27, 2011