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) HES, CTXS, FISV, EXPE, WDC, LULU, CRR, DEO, DRQ, ROP, UNP, SLB, SHLD, ROSE, UPS, FLS, WAB



NEW DIRECTIONAL CALL PLAYS

Continental Resources - CLR - close: 92.29 change: +2.04

Stop Loss: 89.90
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:
Energy stocks were showing relative strength today. Shares of CLR outperformed the market with a +2.2% gain and a new 52-week high. The stock recently broke through resistance at the $90.00. CLR spent the last few days consolidating sideways in the $90-92 zone, digesting gains. Now it's on the move again. We want to hop on board this breakout to new highs. I am suggesting new bullish positions at the open tomorrow. Our target is $96.75, which is just below the old, all-time high of $97.19 from February 2012. More aggressive traders may want to aim for the $99-100 zone instead.

- Suggested Positions -

buy the Apr $95 call (CLR1320D95) current ask $1.70

Annotated Chart:

Entry on March -- at $---.--
Average Daily Volume = 1.1 million
Listed on March 14, 2012