Editor's Note:

In addition to tonight's new candidate(s), consider these stocks as possible trading ideas and watch list candidates. Many of these need to see a break past key support or resistance:

(bullish ideas) CPA, CVX, PII, MJN, ACE, GRA, CHE, SNI, CRM, WTW, VAL, QCOM, CHRW, ITW



NEW DIRECTIONAL CALL PLAYS

Ingersoll-Rand - IR - close: 49.60 change: -0.02

Stop Loss: 48.25
Target(s): 54.00
Current Option Gain/Loss: Unopened
Time Frame: Exit prior to earnings on Feb. 1st!
New Positions: Yes, see below

Company Description

Why We Like It:
IR is in the industrial goods sector. The stock has been slowly making its way higher with a series of higher highs and higher lows over the last few months. Yet now IR is testing round-number, psychological resistance at the $50.00 level. A bullish breakout here should inspire additional buying.

We are suggesting a trigger to buy calls at $50.25 with a stop loss at $48.25. Our target is $54.00 but we will plan on exiting prior to the earnings in early February.

Trigger @ 50.25

- Suggested Positions -

buy the Feb $50 call (IR1316B50) current ask $1.30

Annotated Chart:

Entry on January xx at $ xx.xx
Average Daily Volume = 1.8 million
Listed on January 12, 2012


Noble Energy - NBL - close: 105.57 change: +0.98

Stop Loss: 101.75
Target(s): 114.00
Current Option Gain/Loss: Unopened
Time Frame: Exit prior to earnings on Feb. 7th!
New Positions: Yes, see below

Company Description

Why We Like It:
Energy stock NBL has broken out to new all-time, record highs. Traders have consistently bought the dips. Now it's in blue-sky territory. I am suggesting bullish positions at the open on Monday. We'll aim for $114.00 but plan on exiting prior to the earnings report on February 7th. I am suggesting a stop loss at $101.75 but more aggressive traders may want to start with a stop just below the $100.00 mark instead. FYI: The Point & Figure chart for NBL is bullish with a $112 target.

- Suggested Positions -

buy the Feb $110 call (NBL1316B110) current ask $1.15

Annotated Chart:

Entry on January xx at $ xx.xx
Average Daily Volume = 820 thousand
Listed on January 12, 2012