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)
AGU, STX, WDC, CAT,

(bearish ideas)
A, RGR, ADSK, ALGN, CELG,



NEW DIRECTIONAL CALL PLAYS

Tableau Software, Inc. - DATA - close: 76.20 change: +2.34

Stop Loss: 72.75
Target(s): 87.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
DATA is in the technology sector. The company provides business analytics software. They also offer their analytics software to the cloud computing industry. You could argue that DATA is in its own bear market with a drop from $100 to $72 over the last few weeks.

The stock did look like it got ahead of itself in February and started to correct lower in March. Then about a week ago the sell-off accelerated after DATA came out with a secondary offering of four million shares at $89.25. Investors hate seeing their investment diluted and four million new shares was more than 10% of the float.

The good news is that DATA appears to have found support in the $72-75 zone. While the NASDAQ was falling last week DATA did not participate. If Friday's bounce sees any follow through the stock could see some short covering. The most recent data listed short interest at 13% of the small 29 million share float.

I am suggesting small bullish positions if DATA can trade at $76.50. If triggered our target is $87.50.

April options only have three weeks left. I suggest the May calls.

Trigger @ 76.50

- Suggested Positions -

Buy the Apr $80 call (DATA1419D80) current ask $2.25

- or -

Buy the May $80 call (DATA1417E80) current ask $6.00

Annotated Chart:

Weekly Chart:

Entry on March -- at $---.--
Average Daily Volume = 1.7 million
Listed on March 29, 2014


Halliburton Company - HAL - close: 59.46 change: +1.37

Stop Loss: 57.75
Target(s): to be determined
Current Option Gain/Loss: Unopened
Time Frame: 4 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
HAL is in the basic materials sector. The company is one of the largest oil services company. The number of rigs in service is at a decade high. That means lots of business for their oil services at HAL. The energy industry is sprinting to keep up the pace of drilling in U.S. shale formations. This has helped lift HAL to new all-time highs.

The stock is nearing what could be round-number resistance at $60.00. We're suggesting a trigger to buy calls at $60.25. We are not setting an exit target yet.

Trigger @ 60.25

- Suggested Positions -

Buy the May $60 call (HAL1417E60) current ask $1.84

Annotated Chart:

Entry on March -- at $---.--
Average Daily Volume = 7.7 million
Listed on March 29, 2014


QUALCOMM Inc. - QCOM - close: 79.28 change: +0.23

Stop Loss: 77.75
Target(s): to be determined
Current Option Gain/Loss: Unopened
Time Frame: 4 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
QCOM is in the technology sector. The company makes digital communication equipment based on CDMA technology in addition to other wireless and Internet technologies. A large chunk of their revenues come from licensing their technology.

The company has enjoyed strong demand for its mobile chip sets thanks to consumer demand for 3G and 4G smartphones. Wall Street does not seem very worried about the Chinese government investigating QCOM for monopoly charges.

The $80.00 level could be round-number, psychological resistance. Therefore we're suggesting a trigger to buy calls at $80.25. We're not setting an exit target yet but the Point & Figure chart for QCOM is bullish with a $90 target.

Trigger @ $80.25

- Suggested Positions -

Buy the May $80 call (QCOM1417E80) current ask $1.87

Annotated Chart:

Entry on March -- at $---.--
Average Daily Volume = 10.5 million
Listed on March 29, 2014