Today's featured stock is Hologic Incorporated (HOLX).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| DRE | Duke Realty Corporation | Real Estate | $35.39 | mid to upper 30s | $48 | $28 | 4 for 5'er, consec buy signals, one box from 3rd buy signal, LT market RS buy, pos weekly mom, 2.64% yield |
| CDAY | Ceridian HCM Holding, Inc. | Software | $79.27 | high 70s to mid/high 80s | $88 | $62 | 5 for 5'er, pullback from AT high, consec buy signals, LT market RS buy signal, top 25% of DWASOFT |
| CNQ | Canadian Natural Resources Ltd. | Oil | $17.43 | 17 - 19 | 30.50 | 15 | 5 for 5'er, top third of favored OIL sector matrix, triple top, 7.1% yield, R-R>3.0 |
| WTRG | Essential Utilities Inc. | Waste Management | $42.24 | low-to-mid 40s | 63 | 37 | 4 for 5'er, favored WAST sector, LT pos. trend, quad top breakout, 2.15% yield, R-R>2.0 |
| HLF | Herbalife Nutrition Ltd. | Food Beverages/Soap | $44.98 | mid to upper 40s | $61 | $37 | 4 for 5'er, top 10% of DWAFOOD, consec buy signals, monthly mom flip |
| BBY | Best Buy Co., Inc. | Retailing | $87.27 | 82 - 90 | 97 | 72 | 4 for 5'er, favored RETA sector, bullish catapult, 2.6% yield, pot. covered write |
| RP | RealPage Inc. | Software | $65.01 | low 60s to mid-70s | 88 | 52 | 5 for 5'er, pullback from AT high, pos mon mom, top half of DWASOFT, LT market RS buy |
| SIMO | Silicon Motion Technology Corporation (Taiwan) ADR | Semiconductors | $48.77 | upper 40s - lower 50s | 75 | 40 | 4 for 5'er, favored SEMI sector, multi consec buy signals,good support 3.4% yield |
| DT | Dynatrace, Inc. | Computers | $40.60 | upper 30s - lower 40s | 51 | 33 | 5 for 5'er, favored COMP sector, quad top breakout, pullback from ATH, pot. covered write |
| HOLX | Hologic Incorporated | Healthcare | $57.00 | 54 - 59 | 106 | 48 | 4 for 5'er, top third of favored HEAL sector matrix, triple top, pos. mon mom flip, one box from peer RS buy |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| LVS | Las Vegas Sands Corp. | Gaming | $45.54 | mid to lower 40s | 33 | 54 | 0 for 5'er, last in GAME sector matrix, neg. trend flip, spread triple bottom Earnings 7/22 |
| TAP | Molson Coors Company | Food Beverages/Soap | $34.36 | mid 30s | $22 | $41 | 0 for 5'er, consec sell signals, spread triple bottom, LT market RS sell signal, bottom of DWAFOOD |
Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| SPTN | SpartanNash Co. | Retailing | $21.25 | hi 10s - low 20s | $34 | $16 | OK to add or maintain exposure here. Abide by $16 stop. |
Follow-Up Comments
| Comment |
|---|
| AMZN Amazon.com Inc. R ($2,816.38) - Internet - We will now raise our stop to $2496, the second potential sell signal on AMZN's default chart. |
DWA Spotlight Stock
HOLX Hologic Incorporated R ($56.65) - Healthcare - HOLX is a 4 for 5'er that ranks in the top third of the favored healthcare sector matrix. In late June, the stock gave a third consecutive buy signal when it broke a triple top at $55, which carried it to a new all-time high. Meanwhile, a recent flip to positive monthly momentum is a positive sign for the stock's prospects for additional upside. HOLX also currently sits one box away from moving to a peer RS buy signal for the first time since 2008, which would also elevate it to a perfect 5 for 5'er. Long exposure may be added in the $54 - $59 range and we will set our initial stop at $48, which would take out two levels of support on HOLX's default chart. We will use the bullish price objective of $106 as our target price.
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