Editor's Note:

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

(bullish ideas): HOTT, PKT, ARO, FL, CAAS, FRX, VLTR, BAC, AMSG, BSFT


NEW BULLISH Plays

ANN Inc. - ANN - close: 28.58 change: +0.31

Stop Loss: 27.25
Target(s): 31.75
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
ANN is a retailer focused on women's apparel, shoes, and accessories. Shares have been the last two weeks consolidating sideways in the $27.00-28.50 zone. Now the stock is breaking out past key resistance.

We want to use a trigger to open bullish positions at $28.75 with a stop loss at $27.25. Our multi-week target is $31.75. FYI: The Point & Figure chart for ANN is bullish with a long-term $37.50 target.

Trigger @ $28.75

Suggested Position: buy ANN stock @ 28.75

- or -

buy the May $30 call (ANN1219E30) current ask $0.90

Annotated chart:

Entry on March xx at $ xx.xx
Earnings Date 05/18/12 (unconfirmed)
Average Daily Volume = 1.5 million
Listed on March 24, 2011


NetApp, Inc. - NTAP - close: 45.62 change: +0.43

Stop Loss: 43.75
Target(s): 49.75
Current Gain/Loss: unopened
Time Frame: 4 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
We have had our eye on this tech stock since shares were testing resistance near the $44.00 level. Now the stock has broken out past $44 and its simple 300-dma. The intraday bounce on Friday looks like a new bullish entry point.

I am suggesting bullish positions on Monday morning with a stop loss at $43.75. Our short-term target is $49.75. More aggressive traders may want to aim higher. The Point & Figure chart for NTAP is bullish with a $65.00 target.

Open Positions on Monday

Suggested Position: buy NTAP stock @ (the open)

- or -

buy the Apr $45 call (NTAP1221D45) current ask $1.95

Annotated chart:

Entry on March xx at $ xx.xx
Earnings Date 05/23/12 (unconfirmed)
Average Daily Volume = 5.8 million
Listed on March 24, 2011