Editor's Note:

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

(bullish candidates) IYT, NOC, KEX, MMM, BRK.B, CELG, CVX, EOG, BXP, FMX, LUFK, TROW, CHKP, PCAR, ESRX, LMT, DVN, JLL, UTX, and EL


NEW DIRECTIONAL CALL PLAYS

Allergan Inc. - AGN - close: 93.36 change: +1.24

Stop Loss: 89.75
Target(s): 98.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
AGN is climbing to new all-time highs. The stock recently broke out past resistance at the $90.00 level. I had been hoping for a dip back retest this level but that doesn't seem to be in the cards right now. I am suggesting we buy calls on AGN tomorrow morning but only if AGN and the S&P 500 index both open positive. We will start with a stop at $89.75. Our multi-week target is $98.00. FYI: The Point & Figure chart for AGN is bullish with a $110 target.

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

- Suggested Positions -

buy the Apr $95 call (AGN1221D95) current ask $1.35

Annotated Chart:

Entry on March xx at $ xx.xx
Earnings Date 05/03/12 (unconfirmed)
Average Daily Volume = 1.5 million
Listed on March 13, 2012


FedEx Corp. - FDX - close: 92.88 change: +1.55

Stop Loss: 89.75
Target(s): 96.75
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
The fact that the transports are participating in this rally is bullish. The Dow Jones Transportation Average broke through technical resistance at 50-dma today. Meanwhile FDX pushed past its 30 and 40-dma today. FDX also broke out past short-term resistance in the $92.00-92.35 area.

I am suggesting bullish positions in FDX at the open tomorrow but only if both FDX and the S&P 500 index open positive. We'll use a stop loss at $89.75. Our short-term target is $96.75.

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

- Suggested Positions -

buy the Apr $95 call (FDX1221D95) current ask $2.02

Annotated Chart:

Entry on March xx at $ xx.xx
Earnings Date 03/22/12 (unconfirmed)
Average Daily Volume = 2.1 million
Listed on March 13, 2012