Daily Equity Roster
Published: August 19, 2020
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 featured stock is ProLogis (PLD).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
NOW Servicenow Inc Software $437.58 low 440s to upper 460s $588 $344 4 for 5'er, 8 consec buy signals, pullback from AT high, LT makret RS buy signal
PII Polaris Inc. Leisure $103.90 low $100s to mid $110s $138 $84 5 for 5'er, one box from 5th consec buy signal, pos weekly mom flip, 2 mons pos month momentum, 2.36% yield
NRG NRG Energy, Inc. Utilities/Electricity $36.09 mid to upper 30s $49 $27 5 for 5'er, LT market RS buy signal, consec buy signals, pos mon and weekly momentum, 3.58% yield
CTAS Cintas Corporation Textiles/Apparel $318.77 low 300s to mid 330s $400 $252 5 for 5'er, top 25% of favored DWATEXT sector, pos mon & weekly mom, LT market/peer RS buy signals, up against ATH.
WMB Williams Companies Inc. Gas Utilities $21.80 20 - 22 26.5 17 4 for 5'er, top 10% of GUTI sector matrix, 7.7% yield, pot. covered write
DXCM Dexcom Inc. Healthcare $437.22 410s to 470s 488 360 5 for 5'er, pullback from AT high, consec buy signals, LT market RS buy signal, top 1/3 of DWAHEAL
EBAY eBay Inc. Internet $57.03 mid-to-upper 50s 100 46 5 for 5'er, top third of favored INET sector matrix, LT pos mkt RS, pullback from ATH
NKE NIKE, Inc. Textiles/Apparel $106.97 hi 90s - mid 100s 112 89 4 for 5'er, top half of TEXT sector matrix, LT pos mkt RS, big base breakout to new ATH
DECK Deckers Outdoor Corporation Textiles/Apparel $210.83 low 200s to mid 230s 284 178 5 for 5'er, pullback from ATH, consec buy signals, pos mon mom, top 10% of DWATEXT
PLD ProLogis Real Estate $103.65 hi 90s - mid 100s 116 87 5 for 5'er, top third of REAL sector matrix, spread triple top, pos monthly mom flip, 2.2% yield

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
THS TreeHouse Foods, Inc. Food Beverages/Soap $42.66 low to mid 40s 36 53 0 for 5'er, consec sell signals, LT market RS sell signal, bottom quartile of DWAFOOD

Removed Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
MS Morgan Stanley Wall Street $50.92 hi 40s - low 50s 70 43 OK to add or maintain exposure here. Abide by $43 stop.

Follow-Up Comments

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DWA Spotlight Stock

 

PLD ProLogis R ($101.74) - Real Estate - PLD is a 5 for 5'er that ranks in the top third of the real estate matrix PLD currently sits at an all-time high on it's default chart, after breaking a spread triple top and taking out resistance dating back February in last month's trading. Meanwhile, a recent flip to positive monthly momentum is positive sign of PLD's potential for additional upside. PLD also carries a 2.2% yield. Long exposure may be added in the upper $90s to mid $100s and we will set our initial stop at $87 which would take out two levels of support on PLD's default chart. We will use the bullish price objective, $116, as our target price.

 
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106.00                                                                                                     X   106.00
104.00                                                                                                     X   104.00
102.00                                                                                                     X   102.00
100.00                                                                                                   X   100.00
99.00                             X                                                                     X   99.00
98.00                             X O                                               X       X           X   98.00
97.00                             X O                                           X   X O     X O     X   X Mid 97.00
96.00                         X   X O                                           X O X O     X O     X O X   96.00
95.00                         X O X O                                           X O X O X   X O     7 O X   95.00
94.00                         X O X O X                                 X       6 O X O X O X O     X O X   94.00
93.00                         X O X O X O                               X O     X O   O X O X O X   X O     93.00
92.00                 X   X   X 2   O X O                   X           X O     X     O X O X O X O X       92.00
91.00                 X O X O X     O X O                   X O         X O     X     O   O   O X O X       91.00
90.00                 X O X O 1     O X O                   X O X   X   X O X   X             O   O X       90.00
89.00                 X O B C X     O X O                   X O X O X O X O X O X                 O X       89.00
88.00                 X O X O X     O X O                   X O X O X O X O X O X                 O       88.00
87.00                 A O X O       O X O                   X O X O X O   O X O X                         87.00
86.00                 X O           O X O                 X   X O X O X     5   O X                         86.00
85.00             9   X             O X O                 X O X O   O X         O X                         85.00
84.00             X O X             O 3 O                 X O X     O           O X                         84.00
83.00     X   X   X O X             O X O         X       X O X                 O X                         83.00
82.00 X   X O X O X O               O X O         X O     X O X                 O X                       Bot 82.00
81.00 X O 7 O X O X                 O   O         X O     X O                   O                           81.00
80.00 X O X O   8 X                     O         X O     X                                                 80.00
79.00 X O X     O X                     O         X O     X                                                 79.00
78.00 X O       O                       O X       X O     X                                                 78.00
77.00 X                                 O X O     X O     X                                                 77.00
76.00 6                               O X O     X O X   X                                                 76.00
75.00 X                               O X O     X 4 X O X                                                 75.00
74.00 X                               O X O     X O X O X                                                 74.00
73.00                                 O X O X   X O X O X                                                 73.00
72.00                                 O X O X O X O X O                                                   72.00
71.00                                 O X O X O X O X                                                     71.00
70.00                                 O X O X O X O X                                                     70.00
69.00                                 O X O X O X O                                                       69.00
68.00                                 O X O X O X                                                         68.00
67.00                                 O X O X O X                                                         67.00
66.00                                 O X O X O X                                                         66.00
65.00                                 O X O   O X                                                         65.00
64.00                                 O X     O X                                                         64.00
63.00                                 O       O X                                                         63.00
62.00                                         O X                                                         62.00
61.00                                         O X                                                         61.00
60.00                                         O                                                           60.00
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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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