Editor's Note:

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

(bullish candidates) HOS, OII, PXP, USHS, CSL, UHS, SLGN, TSO, ONNN, ELY, NTAP, TRGP, GMAN


NEW BULLISH Plays

NXP Semiconductors - NXPI - close: 26.33 change: +0.06

Stop Loss: 25.35
Target(s): 29.75
Current Gain/Loss: unopened
Time Frame: 4 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
NXPI is a Netherlands technology company. Early this morning, before the bell, the company announced its CFO was resigning for family reasons and they appointed a new CFO. The announcement failed to have much of an impact on the stock price. Shares of NXPI have been hovering near seven-month highs and shares look poised to launch a new leg higher.

I am suggesting a trigger to open small bullish positions at $26.50. If triggered we'll use a stop loss at $25.35. Our upside target is $29.75. FYI: The Point & Figure chart for NXPI is bullish with a $45.00 target.

Trigger @ 26.50 (small positions)

Suggested Position: buy NXPI stock @ (trigger)

- or -

buy the Apr $25 call (NXPI1221D25) current ask $2.25

Annotated chart:

Entry on March xx at $ xx.xx
Earnings Date 05/03/12 (unconfirmed)
Average Daily Volume = 1.6 million
Listed on March 19, 2011


Tenaris S.A. - TS - close: 42.13 change: +0.13

Stop Loss: 39.75
Target(s): 47.00
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
TS is a European producer of steel pipe products. Shares have been building on a bullish trend of higher lows. There was some volatility in early March but traders bought the dip near $38 and its 200-ema. Now TS is poised to breakout past its February highs.

I am suggesting small bullish positions if TS can trade at $42.50 or higher. We will use a stop loss at $39.75. Our multi-week target is $47.00. FYI: The Point & Figure chart for TS is bullish with a $49 target.

Trigger @ $42.50 (small positions)

Suggested Position: buy TS stock @ (trigger)

- or -

buy the Apr $45 call (TS1221D45) current ask $0.50

Annotated chart:

Entry on March xx at $ xx.xx
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 2.0 million
Listed on March 19, 2011