Editor's Note:

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

(bullish candidates) IWM, JLL, MTB, PH, DVN, CP, MLM, WCC, SLXP, BRK.B, GS, CMI, and ADS


NEW DIRECTIONAL CALL PLAYS

Chart Industries - GTLS - close: 73.61 change: +1.58

Stop Loss: 69.75
Target(s): 79.75
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
GTLS is in the industrial goods sector. The stock has been stair-stepping higher since its broke out past resistance in the $61-63 zone. Now after a three-day consolidation sideways GTLS looks poised for new gains.

The all-time high from four days ago is $74.14. I am suggesting a trigger to buy calls at $74.25. We will use a stop loss at $69.75. Our exit target is $79.75. More aggressive traders could aim higher. The Point & Figure chart for GTLS is bullish with an $82 target.

Trigger @ 74.25

- Suggested Positions -

buy the Apr $75 call (GTLS1221D75) current ask $3.40

Annotated Chart:

Entry on March xx at $ xx.xx
Earnings Date 05/03/12 (unconfirmed)
Average Daily Volume = 712 thousand
Listed on March 15, 2012


IPG Photonics Corp. - IPGP - close: 55.85 change: +1.29

Stop Loss: 52.49
Target(s): 60.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
IPGP is a technology stock. Traders bought the dip near support at $50.00 and its 150-dma, 200-ema, and the 50-dma. Since then IPGP has managed to rally back above resistance near $55.00 and the rest of its major moving averages. Today's move looks like an entry point and further gains could spark a short squeeze. The most recent data listed short interest at 16.5% of the small 37.1 million share float.

I want to see a little more confirmation. I am suggesting a trigger to buy calls at $56.25 with a stop loss at $52.49, which is just under the 50-dma. Our target is $60.00 but more aggressive traders could aim higher.

Trigger @ $56.25

- Suggested Positions -

buy the Apr $60 call (IPGP1221D60) current ask $1.50

Annotated Chart:

Entry on March xx at $ xx.xx
Earnings Date 05/03/12 (unconfirmed)
Average Daily Volume = 763 thousand
Listed on March 15, 2012