Editor's Note:

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

(bullish ideas) AMSG, PRGS, IACI, SPLS, ARO, GLW, TRI, ELY, CVLT, MAKO, CBOU, BSFT


NEW BULLISH Plays

ClickSoftware Tech. - CKSW - close: 12.98 change: +0.15

Stop Loss: 12.40
Target(s): 14.90
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
Shares of this Internet software and services company are marching to new all-time highs. The stock just spent the last few days digesting its gains in the $12.50-13.00 zone. Now it's poised to breakout again.

I am suggesting a trigger to open small bullish positions at $13.15. We will try and limit our risk with a stop at $12.40. Our target is $14.90. More aggressive traders may want to aim higher. FYI: The Point & Figure chart for CKSW is bullish with a $19.25 target.

Trigger @ 13.15

Suggested Position: buy CKSW stock @ (trigger)

- or -

buy the May $12.50 call (CKSW1219e12.5) current ask $1.00

Annotated chart:

Entry on March xx at $ xx.xx
Earnings Date 04/28/12 (unconfirmed)
Average Daily Volume = 184 thousand
Listed on March 26, 2011