This week (so far) has unveiled several new potential ‘buys’. Their charts and some quick notes on the underlying fundamentals are below. Though none are going into the portfolio just yet, any of them could at a moment’s notice. Be aware that these new additions to the watchlist don’t oust any of our prior watchlist names.

Fidelity National Information Services

Fidelity National Information Services Inc. (FIS) actually stated its current trend near the end of 2008. It got a little squirrelly in July of last year and ended up paying the price for it. Now that it’s leveled off again though, we’re seeing the even-keeled trend kick in again. The company has beat or met estimates in its last four quarters, so the forward-looking P/E of 12.5 seems at least fair, if not low.

Fidelity National Information Services Inc. (FIS)

VCA Antech

VCA Antech Inc. (WOOF) is a lot like Fidelity National Information Services in that it’s renewed a bigger-picture uptrend after slipping a bit late last year. The recent cross back above the 200 day line should help inspire some buying too. The double-digit margins are consistent, and the company has met or topped estimates in its last four quarters.

VCA Antech Inc. (WOOF)

Harris Stratex Networks

It’s been a long, slow start for Harris Stratex Networks, Inc. (HSTX), but it finally looks like the stock has enough strength to break out of a rut. There is an edge here… Harris Stratex doesn’t look all that healthy looking backward, but the forward view actually reveals a lot of opportunity. The company generally beats the Street, so 2010’s forecasted EPS of $0.08 and next year’s expected EPS of $0.34 (F.Y. end of June) may both be too low.

Harris Stratex Networks, Inc. (HSTX)

Integrated Device Technology

This may be the biggest question mark of our newest six trading possibilities, but Integrated Device Technology Inc. (IDTI) is still worth following. Like many other of our new picks, this one has been beating the street on an operating basis, which means the forecasted P/E of 19.2 could be too high. GAAP results have been a little rockier though. Hopefully last quarter’s swing to profit is the new norm; it’s worth watching anyway, after seen the chart reach the verge of higher highs.

Integrated Device Technology Inc. (IDTI)

Belo

An owner of 20 television stations may not seem like an excessively interesting stock… especially one that’s not making any money. Belo Corp. (BLC), however, could be ion the verge of turning things around. The analysts have been pretty much on target of late, so the guess for an EPS of $0.54 in 2010 (and a forward-looking P/E of 11.1) may be spot on. That’s what the chart’s saying anyway. Either way, there’s a ton of room for recovery here.

Belo Corp. (BLC)

MCG Capital

Slow and steady can win the race, which bodes well for MCG Capital Corporation (MCGC). The stock’s never been that explosive, but that’s not a bad thing – it prevents the stock from overheating, which indirectly staves off pullbacks that jump-start technical problems. In short, we like the pace of the uptrend here. On the fundamental side, MCG Capital is a turnaround story. Though we’ve seen net losses in recent quarter’s the profit generated last quarter could be the beginning of better days. The analysts think so anyway – the forecasted P/E is a cheap 8.3.

MCG Capital Corporation (MCGC)