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Today's spotlight stock is Becton, Dickinson and Company (BDX).
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.