Daily Equity Roster
Published: June 13, 2017
This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.
Today's spotlight stock is Becton, Dickinson and Company (BDX).

Long Ideas

Stock Symbol Sector Current Price Action Price Target Stop Notes
Manpower Inc MAN Business Products $105.01 99-104 TOP (112) 97/91 3 for 5'er, top 20% of BUSI sector matrix, pos wkly mom change, middle of trading band.
Synopsys Inc SNPS Software $73.89 mid 70s 106 68 4 for 5'er, favored Software sector, R-R > 5-to-1
Skyworks Solutions, Inc. SWKS Semiconductors $103.76 104-108 133 93/87 5 for 5'er, leader in favored SEMI sector, pos wkly mom change, consistent higher tops and higher bottoms
j2 Global Communications, Inc. JCOM Internet $86.14 85-89 112 80 5/5'er, Long-term market leaders, "90 to 100" opportunity in strong sector (INET), Raise Stops to $80.
Owens Corning Inc. OC Building $64.54 62-65 72 (inc) 59/55 3 for 5'er, leader in favored Building Sector, positive wkly and monthly mom, bullish pattern
Wynn Resorts, Limited WYNN Gaming $130.25 126-134 193 118/96 5/5'er, Big Base Breakout, Potential Covered Write candidate (Sept 135.00 calls).
Zions Bancorporation ZION Banks $42.93 lo-40s 97 38 5/5'er, PB to middle of 10-week Trading Bank, Top 15 Rank in Banks matrix.
Becton, Dickinson and Company BDX Healthcare $191.00 low 190's 236 174 4 for 5'er, favored Healthcare sector, good R-R, bullish pattern

Short Ideas

Stock Symbol Sector Current Price Action Price Target Stop Notes
Genesee & Wyoming Inc GWR Transports/Non Air $66.40 (mid-60s) 51 72 0 for 5'er, bottom of unfavored Non Air Transport sector matrix, bearish R-R > 2, negative diverger.
Express Scripts, Inc. ESRX Healthcare $62.52 (lo-60s) 55 64/68 0 for 5'er, negative diverger, bottom decile of HEAL sector matrix, bearish pattern
Bristol-Myers Squibb Company BMY Drugs $54.36 (53-56) 22 61 1 for 5'er, negative diverger, bearish triangle, negative weekly mom change

Follow-Up Comments

Comment
GPN Global Payments Inc. R ($90.80) - Business Products - The recent market action has allowed for the formation of a higher bottom at $88. As a result, those long from recommendations back in March are able to protect profits and raise their initial stop loss point to $87.
ADI Analog Devices, Inc. R ($81.23) - Semiconductors - ADI has remained above our recommended stop despite a recent sell signal. The chart returned to a column of X's establishing near term support at $78 in the process. Those still long can look to raise initial stops to $77, while $74 continues to offer a good long term stop.

DWA Spotlight Stock

BDX Becton, Dickinson and Company R ($192.36) - Healthcare - BDX is a 4 for 5'er within the favored Healthcare sector, completing a series of buy signals throughout the year thus far. The most recent with a triple top, completed at $188. It is enjoying both positive weekly and monthly momentum, and the upside target of $236 suggests additional upside potential from here. Okay to take on new long positions in the low 190's, with an initial stop afforded at $174.

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DISCLOSURE

This report is for Internal Use Only and not for distribution to the public. While we make every effort to be free of errors in this report, it contains data obtained from other sources. We believe these sources to be reliable, but we cannot guarantee their accuracy. Investors who use options should read the Options Disclosure Document before making any particular investment decision. Officers or employees of this firm may now or in the future have a position in the stocks mentioned in this report. Dorsey, Wright is a Registered Investment Advisor with the U.S. Securities & Exchange Commission. Copies of Form ADV Part II are available upon request.
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