Editor's Note:

In addition to tonight's new candidates, these stocks caught my eye as potential bullish trades. Be sure to check for earnings. It looks like ROVI reports earnings on Feb. 15th. Additional trading ideas: BLL, CSX, and CM.

- James


NEW DIRECTIONAL CALL PLAYS

Clean Harbors, Inc. - CLH - close: 91.38 change: +1.15

Stop Loss: 87.95
Target(s): 94.95, 99.00
Current Option Gain/Loss: Unopened
Time Frame: 12 days
New Positions: Yes, see Trigger

Company Description:
Clean Harbors is the leading provider of environmental and energy and industrial services throughout North America. The Company serves over 50,000 customers, including a majority of the Fortune 500 companies, thousands of smaller private entities and numerous federal, state, provincial and local governmental agencies. Headquartered in Norwell, Massachusetts, Clean Harbors has more than 175 locations, including over 50 waste management facilities, throughout North America in 36 U.S. states, seven Canadian provinces, Mexico and Puerto Rico. The Company also operates international locations in Bulgaria, China, Singapore, Sweden, Thailand and the United Kingdom. (source: company press release or website)

Why We Like It:
An analyst upgrade on January 26th helped launch CLH past resistance at $85. Now the stock has been consolidating sideways under resistance at $92.00. Investors should note that the most recent data lists short interest at 11.3% of the very small 23.1 million-share float. That is a good recipe for a short squeeze higher.

I am suggesting we buy calls if CLH hits $92.25. Our targets are $94.95 and $99.00. Please note that we'll plan on exiting ahead of the earnings on Feb. 23rd (still an unconfirmed date).

Trigger @ 92.25

- Suggested Positions -

Buy the March $95.00 call (CLH1119C95) current ask $1.70

Annotated Chart:

Entry on February xxth at $ xx.xx
Earnings Date 02/23/11 (unconfirmed)
Average Daily Volume = 181 thousand
Listed on February 10th, 2010


The Toronoto-Dominion Bank - TD - close: 78.73 change: +0.38

Stop Loss: 75.90
Target(s): 84.00, 89.00
Current Option Gain/Loss: + 0.0%
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
Canadian banks have been outperforming their U.S. counterparts. The bounce today in TD looks like an entry point to hop on board this relative strength. I am suggesting bullish positions now. Our targets are $84 and $89. We will plan to exit ahead of the early March earnings report (unconfirmed date).

FYI: The Point & Figure chart for TD is bullish with a $98 target.

Open Bullish Positions Now!

- Suggested Positions -

Buy the March $80.00 call (TD1119C80) current ask $1.30

Annotated Chart:

Weekly Chart:

Entry on February 11th at $ xx.xx
Earnings Date 03/03/11 (unconfirmed)
Average Daily Volume = 583 thousand
Listed on February 10th, 2010