Daily Equity Roster
Published: November 23, 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 stocks is Comerica Inc (CMA).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
CMI Cummins Inc. Machinery and Tools $230.65 216 - 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 $38.74 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 $28.62 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 $17.08 15 - 17 21 13.50 4 for 5'er, favored REST sector, triple top breakout, pullback to middle of trading band, pot. cov. write
ACN Accenture PLC Business Products $243.44 230s - 240s 216 208 5 for 5'er, top 1/2 of BUSI sector matrix, LT pos RS, spread triple top, 1.5% yield Earnings 12/17
SAIL SailPoint Technologies Holdings, Inc. Software $43.83 mid 40s $66 $35 5 for 5'er, pullback from ATH, consec buy signals, pos trend
LPX Louisiana-Pacific Corporation Forest Prods/Paper $33.96 low 30s 45.50 27 4 for 5'er, top third of FORE sector matrix, bullish triangle, pos wkly mom flip, 1.8% yield
TGTX TG Therapeutics, Inc. Biomedics/Genetics $29.85 upper 20s to mid 30s 45.50 25 5 for 5'er, bullish triangle pattern, consec buy signals, testing multi-year high, pos trend
MXL MaxLinear, Inc. Semiconductors $29.22 28 - 31 41 24 4 for 5'er, top third of SEMI sector matrix, spread six top breakout, R-R>2.0
CMA Comerica Incorporated Banks $50.44 hi 40s - lo 50s 67 41 4 for 5'er, top 10% of banks sector matrix, spread triple top, 5% yield

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes

Removed Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
BMCH BMC Stock Holdings Inc. Building $46.79 mid to upper 40s 61 37 See follow up comment below.

Follow-Up Comments

Comment
PVH Phillips-Van Heusen Corporation R ($79.93) - Textiles/Apparel - We will now raise our stop to $64, the second potential sell signal on PVH's default chart.
BMCH BMC Stock Holdings Inc. R ($48.34) - Building - OK to add or maintain exposure here. Raise stop to $42, the first potential sell signal on BMCH's default chart.

DWA Spotlight Stock

 

CMA Comerica Incorporated R ($51.50) - Banks - CMA is a 4 for 5'er that ranks in the top decile of the banks sector matrix. On its default chart, the stock has given three consecutive buy signals, most recently breaking a spread triple top, taking out resistance that had been in place since June. CMA also has considerable income potential as it carries a 5.3% yield and offers a potential covered write opportunity on the April '21 call options. Long exposure may be added in the upper $40s to lower $50s and we will set our initial stop at $41, which would take out three levels of support on CMA's default chart. We will use the bullish price objective, $67, as our target price.

 
                              20                                                                            
74.00   X   X     •             •                                                                             74.00
73.00   7 O X O     •           X •                                                                           73.00
72.00   X O X O       •     X   C O •                                                                         72.00
71.00 O X O X 8         •   X O X O   •                                                                       71.00
70.00 O X O X O           • X O X 1     •                                                                     70.00
69.00 O   O X O             X O   O       •                                                                   69.00
68.00     O   O         X   B     O         •                                                                 68.00
67.00         O     X   X O X     O           •                                                               67.00
66.00         O     X O X O X     O             •                                                             66.00
65.00         O     X O X O     • O X             •                                                           65.00
64.00         O     X O X     •   O 2 O             •                                                         64.00
63.00         O     9 A X   •     O X O               •                                                       63.00
62.00         O X   X O   •       O X O                 •                                                     62.00
61.00         O X O X   •         O   O                   •                                                   61.00
60.00         O X O X •               O                     •                                                 60.00
59.00         O   O •                 O                       •                                               59.00
58.00             •                   O                         •                                             58.00
57.00                                 O                           •                                           57.00
56.00                                 O                             •                                         56.00
55.00                                 O X                             •                             X       Top 55.00
54.00                                 O 3 O                             •                           X O X     54.00
53.00                                 O X O                               •                         X O X O   53.00
52.00                                 O X O                                 •                       X O X O   52.00
51.00                                 O   O                                   •                     X O X O   51.00
50.00                                     O                                     •                   X O X O   50.00
49.00                                     O                             X         •             X   X O X     49.00
48.00                                     O                             X O         •           X O X O       48.00
47.00                                     O                             X O           •         X O X         47.00
46.00                                     O                             X O             •   X   B O X         46.00
45.00                                     O                             X O               • X O X O X         45.00
44.00                                     O                             X O                 X O X O         Mid 44.00
43.00                                     O                             X O     X           X O X         •   43.00
42.00                                     O                             X O X   X O 9   X   X O         •     42.00
41.00                                     O                             X O X O X O X O X O X         •       41.00
40.00                                     O X                       X   X O X O X O X O X O X       •         40.00
39.00                                     O X O                     X O 6 O X O 8 O   O   O A     •           39.00
38.00                                     O X O X                   X O X O X O X         O X   •             38.00
37.00                                     O X O X O     X   X       X O X O   O X         O X •               37.00
36.00                                     O   O X O     X O X O     X O       O X         O •                 36.00
35.00                                         O X O     X O X O     X         7 X         •                   35.00
34.00                                         O   O X   X O X 5 X   X         O X                             34.00
33.00                                             O X O X O X O X O X         O                               33.00
32.00                                             O X O X O X O X O X                                       Bot 32.00
31.00                                             O X O X O X O   O X                                         31.00
30.00                                             O X O X O X     O X                                         30.00
29.00                                             O X 4 X O X     O X                                         29.00
28.00                                             O X O X O X     O                                           28.00
27.00                                             O X O   O X                                                 27.00
26.00                                             O X     O                                                   26.00
25.00                                             O                                                           25.00
                              20                                                                            

 

Back to report
search

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.
Equity prices provided by Thomson-Reuters. Cross Rate prices provided by Tenfore Systems. Option prices provided by OPRA
Copyright © 1995-2026 Dorsey, Wright & Associates, LLC.®
All quotes displayed are delayed 20 minutes
Disclaimer/Terms of Use/Copyright

Equity prices provided by Morningstar / Cross Rate prices provided by Morningstar / Mutual Fund prices provided by Bloomberg / Delayed prices provided by Thomson-Reuters / Cryptocurrency prices provided by CryptoCompare / Option prices provided by Thomson-Reuters / All quotes displayed are delayed 20 minutes

RS NEWSLETTER NDW USER GUIDE
DISCLOSURE/TERMS OF USE
ACCESSIBILITY
NEED HELP?