Today's featured stock is Cameco Corporation (CCJ).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| NYT | The New York Times Company | Media | $52.57 | low-to-mid 50s | 83 | 47 | 4 for 5'er, favored MEDI sector, LT pos mkt RS, triple top, pullback from ATH, pos monthly mom flip |
| NSC | Norfolk Southern Corporation | Transports/Non Air | $257.89 | high 230s to low 260s | 316 | 196 | 5 for 5'er, pullback from ATH, LT market RS buy signal, pos trend |
| HON | Honeywell International, Inc. | Aerospace Airline | $205.04 | 198 - 220 | 270 | 162 | 4 for 5'er, pullback from ATH, fav DWAAERO, consec buy signals, LT market RS buy |
| HCA | HCA Healthcare Inc. | Healthcare | $175.07 | 170s - low 180s | 222 | 142 | 4 for 5'er, top half of favored HEAL sector matrix, LT pos mkt RS, pullback from ATH, 1.1% yield, pot. cov. write |
| ADTN | ADTRAN, Inc. | Telephone | $16.38 | 16 - 18 | 25 | 13.50 | 5 for 5'er, top 25% of TELE sector matrix, multiple buy signals, pullback from multi-year high, 2.2% yield, R-R>3.0 |
| MDC | M.D.C. Holdings, Inc. | Building | $57.43 | mid-to-upper 50s | 85 | 46 | 4 for 5'er, favored BUIL sector matrix, pullback from multi-year high, 2.4% yield, pot. cov write, R-R>2.0 |
| EVR | Evercore Inc. | Finance | $121.39 | mid 110s - mid 120s | 172 | 102 | 4 for 5'er, 8th of 70 names in favored FINA sector matrix, pullback from ATH, 2% yield |
| CENX | Century Aluminum Co | Metals Non Ferrous | $13.71 | 14 - 16 | 26.50 | 11.50 | 5 for 5'er, top 20% of favored META sector matrix, pos wkly & mnthly mom flips, R-R>3.0 |
| CSX | CSX Corporation | Transports/Non Air | $91.69 | high 80s to mid 90s | 106 | 75 | 4 for 5'er, LT market & Peer RS buy, pos trend, pullback from ATH, pos weekly mom flip |
| CCJ | Cameco Corporation | Metals Non Ferrous | $16.02 | 15 - 17 | 25.50 | 13 | 5 for 5'er, top quartile of favored META sector matrix. pos wkly mom flip, R-R~3.0 |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|
Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| BPOP | Popular, Inc. | Banks | $66.65 | low-to-mid 60s | 76 | 54 | See follow up comment below. |
Follow-Up Comments
| Comment |
|---|
| VRSK Verisk Analytics, Inc. R ($169.71) - Business Products - VRSK hit our $168 stop in Wednesday's trading. |
| Z Zillow Group Inc. Class C R ($163.64) - Real Estate - Z hit our $160 stop yesterday. In today's trading the stock reversed up, offering a potential exit opportunity for any with open long exposure. |
| CMI Cummins Inc. R ($258.86) - Machinery and Tools - We will now raise our stop to $212, which would take out multiple levels of support on CM's default chart. |
| MLM Martin Marietta Materials In R ($346.84) - Building - We will now raise our stop to $280, the third potential sell signal on MLM's default chart. |
| PWR Quanta Services, Inc. R ($80.95) - Electronics - We will now raise our stop to $69, the third potential sell signal on PWR's default chart. |
| EAT Brinker International Inc R ($73.12) - Restaurants - We will now raise our stop to $63, the second potential sell signal on EAT's default chart. |
| LB L Brands Inc. R ($51.93) - Retailing - With no support between $48 and $37, we will raise our stop to $47, the first potential sell signal on LB's default chart. |
| CAKE The Cheesecake Factory Incorporated R ($55.64) - Restaurants - We will now raise our stop to $47, the second potential sell signal on CAKE's default chart. |
| HIBB Hibbett Sports, Inc. R ($67.44) - Retailing - We will now raise our stop to $60, the first potential sell signal on HIBB's default chart. |
| BPOP Popular, Inc. R ($69.17) - Banks - BPOP had moved above the actionable range. OK to hold here. raise stop to $56, the first potential sell signal on BPOP's default chart. |
DWA Spotlight Stock
CCJ Cameco Corporation R ($16.16) - Metals Non Ferrous - CCJ is a 5 for 5'er that ranks in the top quartile of the favored metals non ferrous sector matrix. On its default chart, CCJ has given four consecutive buy signals and pulled back slightly from a multi-year high in trading earlier this week. A recent flip to positive weekly momentum is a positive sign for CCJ's prospects for additional upside. Long exposure may be added in the $15-$17 range. We will set our stop at $13, the first potential sell signal on CCJ's default chart, which combined with the bullish price objective of $25.50, gives a reward-to-risk ratio of about 3.0.
| 15 | 16 | 17 | 18 | 19 | 20 | 21 | |||||||||||||||||||||||||||||||||||||||||||||||
| 20.00 | O | • | 20.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 19.50 | O | X | • | 19.50 | |||||||||||||||||||||||||||||||||||||||||||||||||
| 19.00 | 8 | X | O | • | 19.00 | ||||||||||||||||||||||||||||||||||||||||||||||||
| 18.50 | 9 | X | O | • | 18.50 | ||||||||||||||||||||||||||||||||||||||||||||||||
| 18.00 | O | B | C | • | Top | 18.00 | |||||||||||||||||||||||||||||||||||||||||||||||
| 17.50 | O | X | O | X | • | 17.50 | |||||||||||||||||||||||||||||||||||||||||||||||
| 17.00 | A | X | O | X | O | • | X | 17.00 | |||||||||||||||||||||||||||||||||||||||||||||
| 16.50 | O | X | O | X | X | O | • | X | O | 16.50 | |||||||||||||||||||||||||||||||||||||||||||
| 16.00 | O | O | X | O | X | X | 5 | • | X | O | 16.00 | ||||||||||||||||||||||||||||||||||||||||||
| 15.50 | O | X | O | 2 | O | 4 | O | • | X | O | 15.50 | ||||||||||||||||||||||||||||||||||||||||||
| 15.00 | O | 1 | X | O | X | O | • | X | X | 15.00 | |||||||||||||||||||||||||||||||||||||||||||
| 14.50 | O | X | 3 | X | 6 | 8 | 9 | X | • | 1 | X | O | X | 14.50 | |||||||||||||||||||||||||||||||||||||||
| 14.00 | O | O | 7 | X | O | X | O | X | O | • | • | X | O | 2 | O | X | Mid | 14.00 | |||||||||||||||||||||||||||||||||||
| 13.50 | O | X | O | X | O | A | O | • | X | X | • | • | • | • | X | O | X | O | 13.50 | ||||||||||||||||||||||||||||||||||
| 13.00 | O | O | X | O | X | B | X | O | X | O | X | • | X | • | X | • | X | O | X | 13.00 | |||||||||||||||||||||||||||||||||
| 12.50 | O | O | X | O | 2 | 3 | O | X | O | X | O | X | O | • | X | 2 | O | • | X | O | 12.50 | ||||||||||||||||||||||||||||||||
| 12.00 | O | O | X | O | X | 4 | 5 | X | O | X | O | X | • | 6 | A | B | O | X | O | • | X | X | 12.00 | ||||||||||||||||||||||||||||||
| 11.50 | C | X | O | X | • | O | X | O | X | 2 | X | O | • | X | O | X | O | X | O | X | 3 | • | 7 | O | X | 11.50 | |||||||||||||||||||||||||||
| 11.00 | 1 | X | O | X | • | 6 | 1 | O | O | X | O | • | X | 5 | O | X | O | X | C | • | 4 | • | X | O | C | 11.00 | |||||||||||||||||||||||||||
| 10.50 | O | O | • | O | X | O | 4 | 7 | C | O | X | 7 | X | O | • | • | 5 | 5 | O | X | 10.50 | ||||||||||||||||||||||||||||||||
| 10.00 | • | 7 | X | O | X | O | X | O | 4 | 9 | X | • | O | B | X | 9 | X | Bot | 10.00 | ||||||||||||||||||||||||||||||||||
| 9.50 | O | C | O | X | O | B | O | X | O | • | 7 | X | O | X | X | A | 9.50 | ||||||||||||||||||||||||||||||||||||
| 9.00 | 9 | B | 6 | A | X | 1 | X | • | O | X | O | X | O | X | • | 9.00 | |||||||||||||||||||||||||||||||||||||
| 8.50 | O | X | O | X | 2 | • | 8 | 1 | X | O | X | • | 8.50 | ||||||||||||||||||||||||||||||||||||||||
| 8.00 | A | X | O | • | • | 2 | O | 4 | • | 8.00 | |||||||||||||||||||||||||||||||||||||||||||
| 7.50 | O | • | 3 | X | • | 7.50 | |||||||||||||||||||||||||||||||||||||||||||||||
| 7.00 | O | X | • | 7.00 | |||||||||||||||||||||||||||||||||||||||||||||||||
| 6.50 | O | X | • | 6.50 | |||||||||||||||||||||||||||||||||||||||||||||||||
| 6.00 | O | X | • | 6.00 | |||||||||||||||||||||||||||||||||||||||||||||||||
| 5.50 | O | • | 5.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
