Editor's Note:

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

(bullish candidates) SPLS, ANN, KKD, DG, FL, ZUMZ, CSCO, FSII, UTEK,


NEW BULLISH Plays

TJX Companies - TJX - close: 38.47 change: +0.37

Stop Loss: 37.40
Target(s): 41.50
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
Best known for its T.J.Maxx and Marshalls brands, shares of TJX have been a retail powerhouse. Traders have been consistently buying the stock and there has been no post-stock split depression (TJX split its stock in early February). Now TJX is poised to breakout to new highs after a seven-day consolidation sideways.

I am suggesting a trigger to open bullish positions at $38.60 with a stop loss at 37.40. The $40.00 level could offer some short-term resistance but we will set our first target at $41.50.

Trigger @ $38.60

Suggested Position: buy TJX stock @ (trigger)

- or -

buy the Apr $37.50 call (TJX1221D37.5) current ask $1.55

Annotated chart:

Entry on March xx at $ xx.xx
Earnings Date 05/15/12 (unconfirmed)
Average Daily Volume = 4.6 million
Listed on March 20, 2011