Editor's Note:

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

(bullish ideas)
UA, PSA, WYNN, GILD, NSC, ILMN, STZ, CAT, AMGN, FFIV, NFG, SYK, RTN, AGN, ATK



NEW DIRECTIONAL CALL PLAYS

Concur Technologies - CNQR - close: 115.97 change: +2.80

Stop Loss: 113.75
Target(s): 125.00
Current Option Gain/Loss: Unopened
Time Frame: 4 to 5 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
CNQR is in the technology sector. The company makes travel and expense management software. By mid January 2014 shares of CNQR were testing all-time highs near $115.00. Then the company reported earnings on January 29th and beat Wall Street's estimates on both the top and bottom line. Management then raised their guidance. The next trading day CNQR shares soared from $110 to $130.

Since that post-earnings pop CNQR has experienced a -$20 or -15% correction lower. Traders bought the dip near the $110 level (new support) and the pattern of higher lows remains in place. Friday's display of relative strength (+2.4%) and its close above the simple 10-dma is short-term bullish.

Tonight we're suggesting a trigger to buy calls at $116.65. If triggered our target is $125.00.

Trigger @ 116.65

- Suggested Positions -

Buy the MAR $120 call (CNQR1422C120) current ask $2.95

Annotated Chart:

Entry on February -- at $---.--
Average Daily Volume = 822 thousand
Listed on February 08, 2014


Facebook, Inc. - FB - close: 64.32 change: +2.16

Stop Loss: 61.85
Target(s): 69.75
Current Option Gain/Loss: Unopened
Time Frame: 4 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
FB is considered part of the technology sector. The company runs the largest online/mobile social network on the planet with over 1.23 billion monthly active users. The company reported earnings in late January and beat analysts expectations on both the top and bottom line. Shares popped to new all-time highs and there was a parade of analysts raising their target prices on FB.

The stock held up well during the market's recent sell-off. Now after a brief sideways consolidation FB is pushing to new highs with a nice display of relative strength on Friday. We are suggesting a trigger to buy calls at $64.75. It is conceivable that the $65.00 level is round-number resistance so more conservative traders might want to wait for a rally above $65.00 before initiating positions. Our short-term target is $69.75. More aggressive investors could aim higher since the Point & Figure chart for FB is bullish with an $89 target.

Trigger @ 64.75

- Suggested Positions -

Buy the MAR $70 call (FB1422C70) current ask $1.30

Annotated Chart:

Entry on February -- at $---.--
Average Daily Volume = 60 million
Listed on February 08, 2014


United Parcel Service - UPS - close: 95.37 change: +0.63

Stop Loss: 93.85
Target(s): 99.85
Current Option Gain/Loss: Unopened
Time Frame: 4 to 5 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
UPS is in the services sector. The company is part of the transportation industry. As the largest package delivery service on the planet many look to UPS as a gauge for the health of the economy. Unfortunately for UPS shareholders the stock has slipped almost straight down in the first five weeks of 2014. Although it looks like this past week UPS may have found a bottom with a bounce from its exponential 200-dma. The current rebound just pushed shares of UPS past short-term technical resistance at the 10-dma. It's probably not a coincidence that UPS is bouncing from the trend line of higher lows on the weekly chart (see below).

Friday's high was $95.60. We are suggesting a trigger to buy calls at $96.15. More aggressive traders may want to jump in early above $95.60. If triggered our target is $99.85.

Trigger @ 96.15

- Suggested Positions -

Buy the MAR $95 call (UPS1422C95) current ask $1.75

Annotated Chart:

Weekly Chart:

Entry on February -- at $---.--
Average Daily Volume = 4.3 million
Listed on February 08, 2014


NEW DIRECTIONAL PUT PLAYS

Nu Skin Enterprises - NUS - close: 71.83 change: +1.79

Stop Loss: 76.75
Target(s): 1st target @ 63.50, 2nd target @ $55.00
Current Option Gain/Loss: Unopened
Time Frame: 4 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
NUS is in the consumer goods sector. The company sells anit-aging personal care products and nutritional supplements. The company is a direct selling and multi-level marketing company founded in 1984. The stock delivered a very impressive rally last year with a run from $37 to $140.

In mid January disaster struck after the Chinese government said they were investigating NUS as a potential pyramid scheme. The stock plunged over -44% in two days. The January 16th low was $67.51. Since then NUS has seen a bit of an oversold bounce but the bounce has reversed at technical resistance at its 200-dma. Now NUS shares are trying to hold the $70.00 level.

We are suggesting a trigger to buy puts at $69.75. Our initial target is $63.50 but we're setting a more aggressive target at $55.00. We do consider this an aggressive trade due to NUS' volatility and therefore suggest small positions to limit risk.

FYI: The Point & Figure chart for NUS is bearish with a $51 target.

Trigger @ 69.75

- Suggested Positions -

Buy the MAR $65 PUT (NUS1422o65) current ask $4.10

- or -

Buy the JUN $60 PUT (NUS1421R60) current ask $6.80

Annotated Chart:

Entry on February -- at $---.--
Average Daily Volume = 4.6 million
Listed on February 08, 2014