Daily Equity Roster
Published: December 11, 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 nLIGHT, Inc.(LASR).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
AOS A.O. Smith Corporation Building $56.31 mid to upper 50s 72 47 4 for 5'er, four consec buy signals, mutli-year high, market RS buy signal since 9/2008, 1.86% yield
SPWR Sunpower Corporation Electronics $21.16 low 20s 33.50 18 5 for 5'er, #3 of 59 names in ELEC sector matrix, pos wkly mom flip, pot cov. write
BECN Beacon Roofing Supply, Inc. Building $38.93 36 - 40 56 30 4 for 5'er, top third of fav DWABUIL, consec buy signals, 52 week highs, pos weekly mom flip
APAM Artisan Partners Asset Management, Inc Finance $47.76 mid-to-upper 40s 53.50 39 5 for 5'er, top 20% of FINA sector matrix, multiple buy signals, pos wkly mom flip, 6% yield
CZR Caesars Entertainment Inc. Gaming $71.13 low-to-mid 70s 88 62 4 for 5'er, #1 of 12 in favored GAME sector matrix, triple top breakout, pot. covered write
APPS Digital Turbine Inc. Computers $42.68 low to upper 40s 78 35 5 for 5'er, LT market RS buy signal, consec buy signals, pullback from ATH,fav COMP sector
MLM Martin Marietta Materials In Building $266.74 270s - 290s 312 236 3 for 5'er, top half of favored BUIL sector matrix, spread quintuple top,
CVNA Carvana Company Autos and Parts $260.47 230s - 260s 348 204 4 for 5'er, pullback from ATH, pos weekly mom, fav DWAAUTO
LASR nLIGHT, Inc. Semiconductors $34.14 low-to-mid 30s 55 27 5 for 5'er, top 10% of SEMI sector matrix, consec buy signals, pullback from multi-year high

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes

Follow-Up Comments

Comment
ENPH Enphase Energy Inc R ($135.23) - Electronics - We will now raise our stop to $114, the third potential sell signal on ENPH's default chart.
ENPH Enphase Energy Inc R ($135.69) - Electronics - We will now raise our stop to $120, the second potential sell signal on ENPH's default chart.

DWA Spotlight Stock

 

LASR nLIGHT, Inc. R ($33.48) - Semiconductors - LASR is a 5 for 5'er that ranks in the top decile of semiconductors sector matrix. On its default chart, LASR has given four consecutive buy signals and reached a multi-year high before pulling back slightly in Friday's trading, offering an entry point for long exposure. The stock also offers a potential covered write opportunity on the March '21 call options. Exposure may be added in the low-to-mid $30s. We will use the the third potential sell signal, $27, as our initial stop, which combined with the bullish price objective of $55, gives us a reward-to-risk ratio north of 3.0.

 
          19                                 20                                                                
36.00                                                                                                     X     36.00
35.00                                                                                                 X   X o   35.00
34.00                                                                                                 X O X o   34.00
33.00                                                                                             X   X O X o   33.00
32.00                                                                                         X   X O C O       32.00
31.00                                                                                         X O X O X         31.00
30.00                                                                                         X O X O X         30.00
29.00                                                                                         X O X O           29.00
28.00                                                                                         X O               28.00
27.00                     •                                                                   X               Mid 27.00
26.00                     X •                                                     X   X       X                 26.00
25.00                     X O •                                                   X O 8 O     X                 25.00
24.00                     4 O   •                                                 6 O 7 O X   B                 24.00
23.00                     3 5     •                                               X O X O X O X                 23.00
22.00                     X O       •                 •                           X O X O X O X                 22.00
21.00 •                   X O         •       C   X   X • •                       X O   9 X A                   21.00
20.00 X •                 2 O     7     •     X O X O X O X •                     X     O                       20.00
19.50 X O •       X   X   X O X   X O     •   X O X O X O X O •                   X                             19.50
19.00 X O   • •   X O X O X O X O X O       • X 1 2 O   O X O   •                 X                             19.00
18.50 • O     1 • X O X O X 6 X O X O         X O X     O   O     •               X                             18.50
18.00   O X   X O X O • O • O • O • O         X O X         O       •             X                             18.00
17.50   O X O X O X •   •   •   •   O X       X O           O         •           X                       •     17.50
17.00   O X O X O •                 O X O     X             O           •     X   X                     •       17.00
16.50   O   O • •                   O X O X   X             O X           •   X O X                   •       Bot 16.50
16.00       •                       O X 8 X O X           • O 3 O           • X O X                 •           16.00
15.50                               O X O X O X         •   O X O             X O X               •             15.50
15.00                               O   O X O X       •     O X O             X O X             •               15.00
14.50                                   O 9 A X     •       O   O         X   X 5             •                 14.50
14.00                                   O X O X   •             O         X O X             •                   14.00
13.50                                   O X O X •               O X       X O X           •                     13.50
13.00                                   O   B •                 O X O     X O           •                       13.00
12.50                                       •                   O X O X   X           •                         12.50
12.00                                                           O X O X O X         •                           12.00
11.50                                                           O X O X O X       •                             11.50
11.00                                                           O X O X O X     •                               11.00
10.50                                                           O X O X O X   •                                 10.50
10.00                                                           O   O X 4 X •                                   10.00
9.50                                                               O   O •                                     9.50
          19                                 20                                                                

 

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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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