Daily Equity Roster
Published: November 13, 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 Bloomin' Brands (BLMN)

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
AN Autonation Inc. Autos and Parts $59.65 hi 50s - low 60s 100 50 5 for 5'er, top 10% of favored AUTO sector matrix, pullback from ATH, pot cov. write R-R>3.0
SCHN Schnitzer Steel Industries Steel/Iron $22.54 19 - 21 32.50 16.50 3 for 5'er, top half of favored STEE sector matrix, bullish catapult, 3.7% yield, R-R>3.0
RCII Rent-A-Center, Inc. Retailing $32.10 low to mid 30s 65 24 4 for 5'er, 5 consec buy signals, LT peer RS buy, pos weekly & mon momentum, 3.59% yield
TTC The Toro Company Machinery and Tools $85.91 low to high 80s 126 70 4 for 5'er, consec buy signals, LT market and peer RS buy signal, 1.22% yield
FIVE Five Below Inc Household Goods $142.83 hi 130s - hi 140s 149 120 5 for 5'er, top 25% of favored HOUS sector matrix, triple top breakout, potential covered write, Earn. 12/2
BMCH BMC Stock Holdings Inc. Building $44.07 mid to upper 40s 61 37 5 for 5'er, pos trend, pos mon mom, LT market RS buy, 7 consec buy signals, ATH, top of fav DWABUIL matrix
CMI Cummins Inc. Machinery and Tools $233.14 216 - 236 304 188 5 for 5'er, pullback from ATH, consec buy signals, pos trend, top 1/3 of favored machinery & tools sector matrix. 2.36% yield
SGMS Scientific Games Corporation Gaming $33.32 low-to-mid 30s 62 29 5 for 5'er, top third of GAME sector matrix, spread triple top, pullback from multi-year high, R-R>4.0
LL Lumber Liquidators Holdings Inc Building $25.84 mid to upper 20s 47 21 4 for 5'er, pos trend, 7 consec buy signals, pullback from multi-year high
BLMN Bloomin' Brands Inc Restaurants $15.61 15 - 17 21 13.50 4 for 5'er, favored REST sector, triple top breakout, pullback to middle of trading band, pot. cov. write

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes

Removed Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
AVGO Broadcom Ltd Semiconductors $370.20 360s - 380s 468 300 OK to add exposure or hold here. Maintain $300 stop. Earnings 12/10

Follow-Up Comments

Comment
AMP Ameriprise Financial R ($183.69) - Finance - We will now raise our stop to $154, the second potential sell signal on AMP's default chart.
AMAT Applied Materials, Inc. R ($71.85) - Semiconductors - We will now raise our stop to $59, the potential trend line violation on AMAT's default chart.

DWA Spotlight Stock

 

BLMN Bloomin' Brands Inc R ($15.86) - Restaurants - BLMN is a 4 for 5'er and belongs to the favored restaurant sector. In trading earlier this week, BLMN completed a third consecutive buy signal when it broke a triple top at $18, taking out resistance dating back to September. The stock subsequently pulled back to the middle of its trading band, offering an entry point for new long exposure. BLMN also offers a potential covered write opportunity on the April '21 call options. Long exposure may be added in the $15 - $17 range and we will set our initial stop at $13.50, a potential triple bottom break on BLMN's default chart. We will use the top of the trading band, $21, as our target price.

 
  17             18               19                     20                                                    
25.00               4 • •                               •                                                     25.00
24.00               X O X •                             X •                                                   24.00
23.00       •       2 O X O •   •       •               X O •                                                 23.00
22.00       5 •     C 5 X O   • X •     X • •           X O   •                                               22.00
21.00       X O •   X O   6 X   B O •   X O X • •   X   B 1     •                                           Top 21.00
20.00       4 O   • X     O X O 9 O X • 2 O X O X • X O X 2       •                                           20.00
19.50 •     X 7     X     7 X O X O X O X 3 X O X O X O X O         •                                         19.50
19.00 O •   X O     X     O   O X C 1 O X 4 • 5 X O X O X O           •                                       19.00
18.50 O 2 • 3 O     X       • 8 X O X O • •   O   6 9 A X O             •                                     18.50
18.00 C X O X O X   X     •   O • O X •           7 X O X O               •                             X     18.00
17.50 1 X O X O X O X   •     •   O •             O X O X O                 •                   X   X   X O   17.50
17.00 O • O • 8 X O X •           •               O X O   3                   •                 X O X O X O   17.00
16.50 •   •   9   B •                             8 X   • O                     •               X O X O X O   16.50
16.00             •                               O X •   O                       •             X O A O X O Mid 16.00
15.50                                             O •     O                         •           X O X O B O   15.50
15.00                                             •       O                     X     •         X O X O X     15.00
14.50                                                     O                     X O     •       9 O X O X     14.50
14.00                                                     O                     X O       •     X O   O       14.00
13.50                                                     O             X       X O         •   X             13.50
13.00                                                     O             X O     X O X         • X         •   13.00
12.50                                                     O             X O     6 O X O         X       •     12.50
12.00                                                     O             X 5     X O X O     X   X     •       12.00
11.50                                                     O             X O X   X O X O     X O X   •         11.50
11.00                                                     O             X O X O X O   O 7   X O X •         Bot 11.00
10.50                                                     O             X O X O X     O X O X 8 •             10.50
10.00                                                     O             X O X O X     O X O X •               10.00
9.50                                                     O             X O   O X     O   O •                 9.50
9.00                                                     O     X       X     O X         •                   9.00
8.50                                                     O     X O X   X     O                               8.50
8.00                                                     O     X O X O X                                     8.00
7.50                                                     O     X O X O X                                     7.50
7.00                                                     O     X O X O                                       7.00
6.50                                                     O X   X O X                                         6.50
6.00                                                     O X O X 4 X                                         6.00
5.50                                                     O X O X O                                           5.50
5.00                                                     O X O X                                             5.00
4.75                                                     O   O                                               4.75
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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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