Editor's Note:

In addition to tonight's new candidates, consider these stocks as possible trading ideas and watch list candidates:

bullish candidates: FFIV, SRCL, CLB, TPX, ORLY,


NEW DIRECTIONAL CALL PLAYS

Airgas Inc. - ARG - close: 81.83 change: +0.71

Stop Loss: 78.90
Target(s): 84.90 or 88.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
ARG manufacturers specialty gas for industrial uses. The stock has been on quite a run from last summer. Shares experienced a correction in late December but ARG has since recovered. Now the stock is breaking out to new record highs.

I am suggesting bullish positions tomorrow morning but only if both ARG and the S&P 500 index open positive. We'll use a stop under yesterday's low. Please note I am setting a conservative target at $84.90 and an aggressive target at $88.50. FYI: The Point & Figure chart for ARG is bullish with a $92 target.

Do not enter position unless ARG and the S&P 500 are both positive at the open

- Suggested Positions -

buy the Mar $82.50 call (ARG1217C82.5) current ask $0.95

Annotated Chart:

Entry on February xx at $ xx.xx
Earnings Date 05/07/12 (unconfirmed)
Average Daily Volume = 528 thousand
Listed on February 23, 2012


Weight Waters Intl. - WTW - close: 80.02 change: +1.31

Stop Loss: 77.45
Target(s): 86.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
WTW could see a potential short squeeze. The most recent data listed short interest at 24.6% of the relatively small 35.1 million-share float. The stock has rallied to significant resistance near $80.00. A breakout could spark some short covering.

I am suggesting a trigger to open bullish positions at $80.25 with a stop loss at $77.45, just under the 10-dma. If triggered our target is $86.50 near its 2011 highs. More aggressive traders could definitely aim higher. FYI: The Point & Figure chart for WTW is bullish with a $106 target.

Trigger @ $80.25

- Suggested Positions -

buy the Mar $80 call (WTW1217C80) current ask $1.50

Annotated Chart:

Entry on February xx at $ xx.xx
Earnings Date 05/07/12 (unconfirmed)
Average Daily Volume = 1.8 million
Listed on February 23, 2012