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) AMED, MDT, MMS, SAFM, OMC, SWKS, SCHW, RF, EXP, URBN, AEM, DRC, ODFL, FICO, LTM, TJX, NRGY, PLXS, CALL

(bearish ideas) AES, PAY,


NEW BULLISH Plays

Darden Restaurants, Inc. - DRI - close: 53.87 change: +0.03

Stop Loss: 52.90
Target(s): 58.50
Current Gain/Loss: unopened

Entry on August xx at $ xx.xx
Listed on August 18, 2011
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.3 million
New Positions: Yes, see below

Company Description

Why We Like It:
Recent news of improvement for consumer sentiment and spending should be good news for companies like DRI. This restaurant chain has seen its stock rise toward resistance near $54.00. Now it's only a couple of points away from a new all-time record high.

Thursday's high was $54.09. I am suggesting a trigger to launch bullish positions at $54.15. If triggered we will aim for $58.50. More aggressive traders could aim higher. FYI: The Point & Figure chart for DRI is bullish with a $65 target.

Trigger @ 54.15

Suggested Position: buy DRI stock @ (trigger)

- (or for more adventurous traders, try this option) -

Buy the Oct $55 call (DRI1220J55) current ask $1.50

Annotated chart:



Nuance Comm. - NUAN - close: 24.07 change: +0.17

Stop Loss: 22.90
Target(s): 28.00
Current Gain/Loss: unopened

Entry on August xx at $ xx.xx
Listed on August 18, 2011
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.1 million
New Positions: Yes, see below

Company Description

Why We Like It:
Investors are getting excited about Apple (AAPL)'s widely expected launch of the new iPhone 5 this fall. That's driving interest in some of the component makers for the hardware. NUAN built the software behind the iPhone's digital assistant (named "Siri"). Shares of NUAN have seen a dramatic bounce off their late July lows. Now the stock has built what appears to be a bullish "W" shaped bottom. NUAN is also testing resistance near $24 and its 200-dma.

I am suggesting a trigger to launch bullish positions at $24.50. Our multi-week target is $28.00.

Trigger @ $24.50

Suggested Position: buy NUAN stock @ (trigger)

- (or for more adventurous traders, try this option) -

buy the Oct $25 call (NUAN1220j25) current ask $1.15

Annotated chart: