Editor's Note:

Additional Trading Ideas:

In addition to tonight's new candidate, consider these stocks as possible trading ideas and watch list candidates. Many of these need to see a break past key support or resistance:

(bullish ideas) MMS, VECO, CXW, BTE, ANR, IART, SAFM, MU, SIRI, PAAS, WLL, RGR, SPB, ILMN, VRSN, DFS, LL, INFA, CYBX, LBTYA, OMC, IT, CTAS, PAYX, NFX, SNPS, STZ, NNN, MRO, JKHY


NEW BULLISH Plays

Energy XXI Ltd. - EXXI - close: 33.61 change: +0.07

Stop Loss: 32.45
Target(s): 37.75
Current Gain/Loss: unopened

Entry on August xx at $ xx.xx
Listed on August 11, 2011
Time Frame: 6 to 8 weeks
Average Daily Volume = 968 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
Many of the oil and energy names have been showing strength. Shares of EXXI have rallied toward resistance in the $33.50-33.75 area. A breakout here could signal a run towards the 2012 highs.

I am suggesting a trigger to launch bullish positions at $34.05 with a stop loss at $32.45. Our multi-week target is $37.75.

Trigger @ 34.05

Suggested Position: buy EXXI stock @ (trigger)

- or -

buy the Sep $35 call (EXXI1222i35) current ask $1.20

Annotated chart:



Skyworks Solutions - SWKS - close: 29.63 change: +0.63

Stop Loss: 28.49
Target(s): 33.50
Current Gain/Loss: unopened

Entry on August xx at $ xx.xx
Listed on August 11, 2011
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.5 million
New Positions: Yes, see below

Company Description

Why We Like It:
SWKS is a U.S.-based semiconductor company. Shares have slowly marched their way higher toward resistance near $30.00 following a multi-month consolidation sideways. After months of churning SWKS could be poised for a significant move higher.

The late July high was $30.10. I am suggesting a trigger to launch bullish positions at $30.25. Our multi-week target is $33.50.
FYI: The Point & Figure chart for SWKS is bullish with a $40.00 target.

Trigger @ 30.25

Suggested Position: buy SWKS stock @ (trigger)

- or -

buy the Nov $32 call (SWKS1217K32) current ask $2.05

Annotated chart: