Editor's Note:

In addition to tonight's new candidate, consider these stocks as possible trading ideas:

TPX - Tempur Pedic Intl. displayed relative strength today. A breakout past resistance near $60 or its 200-dma could be a bullish entry point.

ADS - Shares of Alliance Data Systems displayed relative strength on Wednesday and the stock is on the verge of hitting new all-time highs. A rally past $107.50 might be a new bullish entry point.

- James


NEW DIRECTIONAL CALL PLAYS

Omnicom Group - OMC - close: 45.05 change: -0.25

Stop Loss: 44.25
Target(s): 49.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
OMC is an advertising company. Shares have been trading under resistance near $45.00-45.50 for weeks. The stock has developed a bullish pattern of higher lows and now looks poised to breakout past this key resistance level.

I am suggesting a trigger to open bullish positions at $45.75 with a stop at $44.25. Our target is $49.00. We do not want to hold over the mid February earnings report. FYI: The Point & Figure chart for OMC is bullish with a $64 target.

Trigger @ 45.75

- Suggested Positions -

buy the Feb $45 call (OMC1218B45) current ask $1.55

Annotated Chart:

Entry on January xx at $ xx.xx
Earnings Date 02/14/12 (unconfirmed)
Average Daily Volume = 1.6 million
Listed on January 11, 2012