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. Some of these may need to see a break past key support or resistance:

(bullish ideas)
CZR, VNET, CBOE, MTRX, LIVE, ETE, KATE, XLRN, SGNT,



NEW BULLISH Plays

Oasis Petroleum - OAS - close: 44.56 change: +0.99

Stop Loss: 42.45
Target(s): 49.85
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 03, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.7 million
New Positions: Yes, see below

Company Description

Why We Like It:
OAS is in the basic materials sector. The company products oil and natural gas in Montana and the North Dakota regions of the U.S. The stock appeared to get ahead of itself in September-October last year with a spike toward $57. Since then OAS has corrected but investors are buying the dips again and the long-term trend of higher lows remains intact.

Today's performance was interesting with a +2.2% display of relative strength and a close above technical resistance at its simple 200-dma. We are suggesting a trigger to open bullish positions at $45.15. If triggered our target is $49.85. I do expect OAS to see some short-term resistance near $48.00.

Trigger @ 45.15

Suggested Position: buy OAS stock @ (trigger)

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

Buy the Apr $45 call (OAS1419D45) current ask $2.30

Annotated chart:

Weekly chart:



Sprint Corp. - S - close: 8.83 change: +0.09

Stop Loss: 8.09
Target(s): 10.50
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 03, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 21 million
New Positions: Yes, see below

Company Description

Why We Like It:
Sprint is part of the technology sector. The company provides wireless and wireline communications to consumers, businesses, and governments. Sprint is also 80% owned by Japanese company, SoftBank.

The turnaround story in Sprint continues and after a sharp correction from its late December highs the stock has begun to rebound. Traders have started buying the dips again and shares displayed relative strength today.

We are suggesting new bullish positions now at current levels. However, I consider this an aggressive, higher-risk entry point. More conservative investors will want to strongly consider waiting for Sprint to close above $9.00 and its 50-dma before initiating positions. Our multi-week target is $10.50. The Point & Figure chart for S is bullish with an $11 target.

Launch positions now (conservative traders may want to wait)

Suggested Position: buy S stock @ (the opening bell)

Annotated chart: