Editor's Note:

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

(bullish candidates) CPA, AWI, BG, ROP, NTAP, ROST, WPRT, MNST, PETM, FAST,


NEW DIRECTIONAL CALL PLAYS

Dollar Tree, Inc. - DLTR - close: 94.19 change: +0.50

Stop Loss: 92.25
Target(s): 98.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
At Dollar Tree everything is just a dollar, except the stock price. Shares have been steadily marching higher for a couple of years. Now DLTR is poised to breakout from its short-term $92.50-94.00 trading range.

I am suggesting a trigger to buy calls at $94.55 with a stop loss at $92.25. Our target is $98.50. FYI: The Point & Figure chart for DLTR is bullish with a $122 target.

Trigger @ $94.55

- Suggested Positions -

buy the Apr $95 call (DLTR1221D95) current ask $1.50

- or -

buy the May $95 call (DLTR1219E95) current ask $2.80

Annotated Chart:

Entry on March xx at $ xx.xx
Earnings Date 05/17/12 (unconfirmed)
Average Daily Volume = 1.1 million
Listed on March 20, 2012


Ulta Salon, Cosmetics - ULTA - close: 90.61 change: +1.01

Stop Loss: 87.90
Target(s): 96.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
ULTA has spent the last several days consolidating sideways at all-time highs. Today's rally has left shares poised to breakout from its $88-91 trading range. I am suggesting a trigger to buy calls at $91.25 with a stop loss at $87.90. Our multi-week target is $96.50. More aggressive traders could aim for the $99-100 zone. FYI: The Point & Figure chart for ULTA is bullish with a $110 target.

Trigger @ $91.25

- Suggested Positions -

buy the Apr $95 call (ULTA1221D95) current ask $1.50

Annotated Chart:

Entry on March xx at $ xx.xx
Earnings Date 06/07/12 (unconfirmed)
Average Daily Volume = 759 thousand
Listed on March 20, 2012