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)
ABG, ADI, SPN, NOK, NSTG, PFPT, CPHD, RLYP, HOLI

I also like GOGO above $25.15 but earnings are coming up on March 13th.



NEW BULLISH Plays

Cash America Intl. - CSH - close: 42.09 change: +0.77

Stop Loss: 39.85
Target(s): 48.00
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 08, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 300 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
CSH is in the financial sector. The company provides short-term pawn loans and cash advance services. The stock did not participate in the market's 2013 rally. Shares were correcting lower but the found support near $35 and formed a double bottom back in January. Since then CSH has rallied sharply and broken through a long-term trend of lower highs. Friday saw another bullish breakout with CSH closing above $42.00 and its 200-dma.

We want to see a little bit more follow through. I am suggesting small bullish positions if CSH can trade at $42.40. If triggered our multi-week target is $48.00. We want to keep our position size small to limit our risk.

Trigger @ $42.40

Suggested Position: buy CSH stock @ (trigger)

Annotated chart:

Weekly chart:



NEW BEARISH Plays

Pegasystems Inc. - PEGA - close: 40.09 change: -1.26

Stop Loss: 42.05
Target(s): 35.25
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 08, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 140 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
PEGA is in the technology sector. The company makes software and provides software-related business services. The stock peaked back in November 2013 and it has been slowly down hill ever since.

The stock displayed a lot of volatility on February 26th following its earnings report the night before. The company beat Wall Street's bottom line estimates and offered bullish 2014 guidance. PEGA gapped higher on Feb. 26th, likely due to the upside guidance, but then shares plunged all the way down toward support near $40 and its 200-dma.

The last several days have been rocky but traders have been selling the rallies. Now PEGA is breaking down below its 200-dma and poised to break below $40.00. Obviously somebody did not like the details behind the latest earnings report.

I am suggesting small bearish positions if PEGA can trade at $39.75. If triggered our target is $35.25. Readers may want to use the put options to limit their risk. FYI: The Point & Figure chart for PEGA is bearish with a $35.00 target.

Trigger @ 39.75

Suggested Position: short PEGA stock @ (trigger)

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

Buy the APR $40 PUT (PEGA1419P40) current ask $2.10

Annotated chart: