Editor's Note:

There are plenty of bullish candidates available with the market showing so much strength. Here's a list of stocks that caught my eye.

WYNN has broken out to new 52-week highs. After months of consolidating sideways under $75 this could be a bullish candidate.

TEVA has been soaring higher. We were stopped out too soon. I would look for a pull back.

INFY has broken out and retested resistance as support near $60.00. This could be a bullish candidate.

DVN could be tempting for aggressive and nimble traders. The stock has been under performing but it just bounced from the bottom of its trading range and support near $62-63.

WLT is a coal energy stock that has just spiked to new highs. This can be a very volatile issue. I wouldn't be surprised to see it rally toward $100.


NEW DIRECTIONAL CALL PLAYS

Express Scripts - ESRX - close: 102.00 change: -0.18 stop: 97.99

Company Description:
Express Scripts, Inc., one of the largest pharmacy benefit management companies in North America, is leading the way toward creating better health and value for patients through Consumerology(SM), the advanced application of the behavioral sciences to healthcare. This approach is helping millions of members realize greater healthcare outcomes and lowering cost by assisting in influencing their behavior. Headquartered in St. Louis, Express Scripts provides integrated PBM services including network-pharmacy claims processing, home delivery services, specialty benefit management, benefit-design consultation, drug-utilization review, formulary management, and medical and drug data analysis services. The company also distributes a full range of biopharmaceutical products and provides extensive cost-management and patient-care services (source: company press release or website)

Why We Like It:
Shares of ESRX are overbought with gains in seven out of the last eight weeks but that doesn't mean the rally is over. The stock has actually been consolidating sideways under resistance at the $100 level for a good portion of March as investors waited for the healthcare vote. Now that the vote is over and uncertainty has been removed the stock is breaking out to new relative highs. Many analysts believe that the PBM will see the biggest gains under then new healthcare reform.

I do consider this a very aggressive play since ESRX is so over extended but it can always get more extended. I'm suggesting small positions at current levels or you can wait for a dip back toward the $100 level. Our first target is $104.90. Our second target is $107.45. More aggressive traders could aim higher. Our time frame is just a couple of weeks.

Suggested Position: BUY CALL APRIL $105 (ESRX 10D105.00) at $1.10

Annotated Chart:

Entry on March xxth at $ xx.xx
Earnings Date 04/29/10
Average Daily Volume = 2.51 million
Listed on March 23rd, 2010


Coca-Cola - KO - close: 55.30 change: +0.76 stop: 52.95

Company Description:
The Coca-Cola Company (NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Together with Coca-Cola®, recognized as the world's most valuable brand, the Company's portfolio includes 14 billion dollar brands, including Diet Coke®, Fanta®, Sprite®, Coca-Cola Zero®, vitaminwater, Powerade®, Minute Maid®, Simply® and Georgia® Coffee. Globally, we are the No. 1 provider of sparkling beverages, juices and juice drinks and ready-to-drink teas and coffees. Through the world‟s largest beverage distribution system, consumers in more than 200 countries enjoy the Company's beverages at a rate of 1.6 billion servings a day. (source: company press release or website)

Why We Like It:
Dow-component KO has been underperforming its rival PEP for weeks. Now shares have finally broken out from under resistance and could be poised to play catch up with rivals and the rest of the market. The stock doesn't move super fast but I envision a rally toward the December highs over the next few weeks. I'm suggesting positions now with a stop loss under the simple 200-dma. Our target to exit is $59.00.

Suggested Position: BUY CALL May $55.00 (KO 10E55.00) at $1.63

Annotated Chart:

Entry on March xxth at $ xx.xx
Earnings Date 04/21/10
Average Daily Volume = 14.6 million
Listed on March 23rd, 2010


Priceline.com - PCLN - close: 244.41 change: +1.39 stop: 236.00

Company Description:
Priceline.com is the leading travel service for value-conscious leisure travelers. No other travel service gives customers more ways to save on their airline tickets, hotel rooms, rental cars, vacation packages and cruises (source: company press release or website)

Why We Like It:
Investors are betting that consumer spending will remain healthy; just look at shares of restaurants, retailers and online travel sites. Shares of PCLN have soared to new multi-year highs. The stock has been consolidating under resistance in the $245-246 zone. The recent high was $246.01. I'm suggesting we buy calls at $246.50. This is a very aggressive trade. PCLN is overbought and a high-priced, volatile stock. Just look at what happened back in October 2009 when shares broke through resistance at $180 and suddenly reversed. That could happen to us. We need to keep our positions small. If triggered at $246.50 I'm suggesting a stop at $236.00. Our target is $275.00. Our time frame is about four weeks.

Trigger to buy calls a $246.50.

Suggested Position: BUY CALL APRIL $260 (PCLN 10D260.00) current ask $2.20

Annotated Chart:

Entry on March xxth at $ xx.xx
Earnings Date 05/11/10
Average Daily Volume = 793 thousand
Listed on March 23rd, 2010