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)
AGN, BDX, WAT, PNC, PSX, AET, BWA, HAL, PCAR, CF, MLM, SFUN, PRGO, LEA, HBI, LGND



NEW DIRECTIONAL CALL PLAYS

ASML Holdings - ASML - close: 91.72 change: +1.09

Stop Loss: 89.75
Target(s): 99.50
Current Option Gain/Loss: Unopened
Time Frame: exit prior to earnings on April 16th
New Positions: Yes, see below

Company Description

Why We Like It:
Headquartered in the Netherlands, ASML makes lithography systems for the semiconductor industry. When ASML reported earnings back in January they guided lower. The stock sold off but shares have found support near its long-term up trend. The recent strength is bullish with a breakout past resistance near $90 and several key moving averages.

Today's high was $91.74. I am suggesting a trigger to buy calls at $92.25. If triggered our target is $99.50. FYI: The Point & Figure chart for ASML is bullish with a $104 target.

Trigger @ 92.25

- Suggested Positions -

Buy the Apr $95 call (ASML1419D95) current ask $1.80

Annotated Chart:

Weekly Chart:

Entry on March -- at $---.--
Average Daily Volume = 1.6 million
Listed on March 18, 2014


Palo Alto Networks, Inc. - PANW - close: 79.82 change: +1.31

Stop Loss: 77.25
Target(s): 89.00
Current Option Gain/Loss: Unopened
Time Frame: exit prior to April expiration
New Positions: Yes, see below

Company Description

Why We Like It:
PANW is in the technology sector. The company makes network security platforms. Cyber-security threats are a constant and growing problem. Investors turned very bullish on PANW in the fourth quarter last year. Shares have been volatile but the trend is clearly higher.

You'll notice that PANW shares got a big boost on March 7th. That rally was a reaction to news that Juniper Networks (JNPR) patent case against PANW was ruled a mistrial. The judge declared that no second trial would be given for this patent infringement issue. The black cloud of the unknown regarding this legal case has been removed, which is bullish for PANW.

Shares have spent the last several days digesting gains and coiling for a bullish breakout past resistance near $80.00. Its recent strength has generated a new triple-top breakout buy signal on its point & figure chart, which now forecasts a $102 target.

I am suggesting a trigger to buy calls at $80.25. More conservative traders might want to wait for a rally past today's high ($80.84) instead. If triggered our target is $89.00.

Trigger @ $80.25

- Suggested Positions -

Buy the Apr $85 call (PANW1419D85) current ask $2.20

Annotated Chart:

Entry on March -- at $---.--
Average Daily Volume = 2.3 million
Listed on March 18, 2014