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)
HPQ, POT, TCK, TSM, SODA, SWHC,

(bearish ideas)
FUEL, SALE, SWI, NSR



NEW BULLISH Plays

Wells Fargo & Co. - WFC - close: 49.29 change: +0.19

Stop Loss: 48.75
Target(s): to be determined
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 29, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 17.6 million
New Positions: Yes, see below

Company Description

Why We Like It:
WFC is in the financial sector. Headquartered in San Francisco, they are considered one of the large U.S. money center banks. WFC has annual revenues of $81.4 billion compared to JPM's $96.3 billion.

WFC passed the Federal Reserve's latest stress tests and the Fed approved WFC's 2014 capital plan. WFC plans to increase its stock buyback program and raise its quarterly dividend from 30 cents to 35 cents a share.

The stock has been a leader among its peers with shares hitting new all-time highs at $49.978 on March 21st. Since then WFC has been consolidating sideways but it looks poised for a breakout higher.

We are suggesting a trigger to open bullish positions at $50.15. I am not setting an exit target.

Trigger @ 50.15

Suggested Position: buy WFC stock @ (trigger)

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

Buy the May $50 call (WFC1417E50) current ask $0.75

Annotated chart:



NEW BEARISH Plays

Textura Corp. - TXTR - close: 25.49 change: -0.71

Stop Loss: 26.35
Target(s): 20.25
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 29, 2014
Time Frame: 4 to 8 weeks
Average Daily Volume = 386 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
TXTR is in the technology sector. The company provides business software for the construction industry. After coming to market in the first half of 2013 shares of TXTR surged from $20 to $45 by September last year. Since then it has been a painfully bumpy ride lower for the stock.

Short-selling firm Citron has accused TXTR of fraud and misrepresentation. TXTR's latest earnings report said revenues surged +77% from a year ago. At the same time the company's operating losses have been surging as well from $11.7 million in 2011 to $35 million in 2013. More traditional analyst firms have defended shares of TXTR but the stock has continued to fall.

This should be considered an aggressive, higher-risk trade. The stock can be volatile and that could be due to its high short interest. The most recent data listed short interest at 37% of the very small 21.9 million share float. You can see the stock's short squeezes on its daily chart with these sharp rallies higher. Unfortunately for the bulls these rallies keep failing.

Now TXTR has a bearish trend of lower highs and it is poised to breakdown under support near $25.00. The February 2014 intraday low was $24.70. We are suggesting small bearish positions if TXTR can trade at $24.60. If triggered our target is $20.25.

NOTE: Traders may want to use put options to limit their risk instead of shorting the stock.

Trigger @ 24.60 *small positions*

Suggested Position: short TXTR stock @ (trigger)

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

buy the JUN $22.50 PUT (TXTR1421R22.5) current ask $2.15

Annotated chart: