Today's featured stock is Chewy, Inc. Class A (CHWY)
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| HRL | Hormel Foods Corporation | Food Beverages/Soap | $48.38 | mid-to-upper 40s | 65 | 39 | 5 for 5'er, top 10% of FOOD sector matrix, all-time high, pos monthly mom flip, LT pos trend and RS, 1.9% yield. |
| AMZN | Amazon.com Inc. | Internet | $1906.59 | mid-1800s - low-2000s | 2272 | 1600 | 5 for 5'er, top 20% of INET sector matrix, LT pos trend and pos mkt RS Earnings 4/23 |
| DEA | Easterly Government Properties Inc | Real Estate | $25.26 | 21 - 24 | 34.50 | 18.50 | 4 for 5'er, #5 of 155 names in REAL sector matrix, 4.8% yield, R-R>4.0 |
| PETS | PetMed Express, Inc. | Retailing | $28.29 | 25 - 28 | 41 | 21 | 5 for 5'er, #3 of 87 names in RETA sector matrix, 4% yield, pot. cov write, R-R>2.0 |
| VRTX | Vertex Pharmaceuticals Incorporated | Biomedics/Genetics | $238.31 | low 220s - hi 230s | 300 | 188 | 5 for 5'er, #8 of 109 names in BIOM sector matrix, LT mkt RS buy signal, triple top, pot. covered write Earnings 4/28 |
| CTXS | Citrix Systems, Inc. | Software | $141.33 | low $140s to high $150s | $214 | $114 | 4 for 5'er, pullback from AT high, consec buy signals, #1 in fav DWASOFT, pos weekly mom Earnings 4/22 |
| QDEL | Quidel Corporation | Healthcare | $95.00 | $90s | 161 | 78 | 5 for 5'er, #4 of 110 names in HEAL sector matrix, LT mkt RS buy signal, pot. covered write, R-R>3.0 |
| CHWY | Chewy, Inc. Class A | Retailing | $33.37 | low/mid 30s to low 40s | $60 | $28 | 3 for 5'er, consec buy signals, pullback from AT high, pos mon mom |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
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Follow-Up Comments
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DWA Spotlight Stock
CHWY Chewy, Inc. Class A R ($33.59) - Retailing - CHWY is a 3 for 5’er that ranks #1 in the retailing sector RS matrix. This stock moved into a positive trend last month and has given two consecutive buy signals. In March. CHWY printed an all-time high at $39 before pulling back to $32. With today’s action, CHWY has reversed up into Xs to $35. In addition, monthly momentum has been positive for three months. New positions are welcome in the low to mid 30s to low 40s. We will set our initial stop at $28, which is the bullish support line. We will use CHWY’s bullish price objective of $60 as our near-term price target.
| 19 | 20 | |||||||||||||||||||||||||||
| 39.00 | X | 39.00 | ||||||||||||||||||||||||||
| 38.00 | • | X | O | 38.00 | ||||||||||||||||||||||||
| 37.00 | 6 | • | X | O | 37.00 | |||||||||||||||||||||||
| 36.00 | X | O | • | • | • | X | 4 | 36.00 | ||||||||||||||||||||
| 35.00 | O | X | O | X | • | X | • | X | • | • | X | X | O | x | 35.00 | |||||||||||||
| 34.00 | O | • | O | X | O | X | O | X | O | 9 | • | X | O | X | X | O | x | 34.00 | ||||||||||
| 33.00 | • | O | X | O | X | O | X | O | X | O | • | • | X | O | X | O | X | O | x | 33.00 | ||||||||
| 32.00 | O | X | 7 | X | 8 | O | X | O | • | • | X | • | X | O | X | O | X | O | 32.00 | |||||||||
| 31.00 | O | O | X | O | X | O | X | • | X | O | • | X | O | X | O | 31.00 | ||||||||||||
| 30.00 | O | O | O | 1 | O | 2 | O | • | X | O | Mid | 30.00 | ||||||||||||||||
| 29.00 | O | X | O | X | O | X | 29.00 | |||||||||||||||||||||
| 28.00 | O | X | X | O | X | 3 | X | • | 28.00 | |||||||||||||||||||
| 27.00 | O | X | O | X | O | O | X | • | 27.00 | |||||||||||||||||||
| 26.00 | O | X | O | X | O | X | X | • | 26.00 | |||||||||||||||||||
| 25.00 | O | X | O | C | O | X | O | X | • | 25.00 | ||||||||||||||||||
| 24.00 | A | X | B | X | • | O | X | O | X | • | 24.00 | |||||||||||||||||
| 23.00 | O | O | X | • | O | X | O | • | 23.00 | |||||||||||||||||||
| 22.00 | O | • | O | X | • | 22.00 | ||||||||||||||||||||||
| 21.00 | • | O | • | 21.00 | ||||||||||||||||||||||||
| 19 | 20 |
