Editor's Note:

Additional Trading Ideas:

In addition to tonight's new candidate(s), 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) CHK, SWKS, DHI, LNDC, T, ZION, S,

(bearish ideas) DRIV, KIRK, FAST, JIVE


NEW BULLISH Plays

Constant Contact, Inc. - CTCT - close: 20.62 change: +0.76

Stop Loss: 18.99
Target(s): 24.50
Current Gain/Loss: unopened

Entry on September 10 at $ xx.xx
Listed on September 08, 2011
Time Frame: 4 to 6 weeks
Average Daily Volume = 436 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
CTCT provides on-demand email and social media market services. The stock is up significantly off its July lows in spite of a disappointing earnings report and lowered guidance. The current breakout past resistance at $20.00 and its 100-dma looks pretty bullish. CTCT could see more short covering. The most recent data listed short interest at 28% of the relatively small 29.8 million-share float.

I am suggesting bullish positions at the open on Monday. Nimble traders could wait and hope for a dip back toward $20.00 as your entry point instead. We will use a stop loss at $18.99. Our target is $24.50 but we may adjust that lower. Keep an eye on potential resistance at the simple 200-dma.

*Open positions on Monday morning*

Suggested Position: buy CTCT stock @ (the open)

Annotated chart:



Veeco Instruments - VECO - close: 36.00 change: +1.02

Stop Loss: 33.90
Target(s): 39.75
Current Gain/Loss: unopened

Entry on September 10 at $ xx.xx
Listed on September 08, 2011
Time Frame: 6 to 8 weeks
Average Daily Volume = 723 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
VECO makes a variety of equipment including LED lights and hard drives. The stock is breaking out from a three-week consolidation in the $33-35 zone. I suspect shares could make a run towards the $40 area.

I am suggesting small bullish positions at the open on Monday morning. There is still potential resistance in the $37.50-38.00 area so we want to keep our position size small. We'll use a stop loss at $33.90. Our target is $39.75.

*Small Positions to Limit Risk*

Suggested Position: buy VECO stock @ (the open)

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

buy the Oct $37.00 call (VECO1220j37) current ask $1.70

Annotated chart: