Daily Equity Roster
Published: April 13, 2021
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 Resideo Technologies, Inc. (REZI)

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
NX Quanex Building Products Corporation Building $27.38 mid 20s 38 21 4 for 5'er, top half of favored BUIL sector matrix, bullish catapult, 1.3% yield
BHF Brighthouse Financial Inc. Insurance $46.65 low to mid 40s 64 35 healthy 5 for 5'er, top 1/3 of favored DWAINSU sector matrix, consec buy signals, pullback from multi-year high
ACHC Acadia Healthcare Company Inc Healthcare $59.43 hi 50s - low 60s 69 48 5 for 5'er, top 20% of HEAL sector matrix, bullish catapult
EVH Evolent Health Software $20.18 low to mid 20s 38.5 17 5 for 5'er, consec buy signals, top of DWASOFT matrix, one box from bullish triangle
HEES H&E Equipment Services, Inc. Building $37.91 mid-to-upper 30s 51 31 5 for 5'er, top 25% of BUIL sector matrix, multiple buys, bullish catapult, 2.9% yield
AEIS Advanced Energy Industries Electronics $119.53 hi 110s - low 120s 132 96 4 for 5'er, top third of ELEC sector matrix, spread triple top, pos wkly mom flip Earn. 5/4
EB Eventbrite, Inc. Class A Internet $22.77 low to mid 20s 37 18.50 5 for 5'er, consec buy signals, top 10% of DWAINET matrix, pos trend
SPB Spectrum Brands Holdings Food Beverages/Soap $91.76 hi 80s - low 90s 103 74 5 for 5'er, top 20% of FOOD sector matrix, quad top breakout, pos wkly mom flip, 1.9% yield, Earn. 4/28
CFR Cullen/Frost Bankers Inc Banks $111.28 upper 100s - mid 110s 122 91 4 for 5'er, favored BANK sector matrix, multiple buys, pullback from multi-year high, 2.7% yield, Earn. 4/28
REZI Resideo Technologies, Inc. Protection Safety Equipment $28.16 high 20s to low 30s 43.50 22 5 for 5'er, consec buy signals, pullback from multi-year highs, #1 in DWAPROT

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes

Removed Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
DKS Dick's Sporting Goods, Inc. Retailing $83.50 mid 70s - low 80s 101 66 See follow comment below.

Follow-Up Comments

Comment
DKS Dick's Sporting Goods, Inc. R ($81.75) - Retailing - Okay to add new exposure here. We will maintain our $66 stop.

DWA Spotlight Stock

 

REZI Resideo Technologies, Inc. R ($27.46) - Protection Safety Equipment - REZI is a perfect 5 for 5’er that ranks #1 in the protection safety equipment sector that is trading well above the bullish support line (i.ie in an overall positive trend). Additionally, REZI has given three consecutive buy signals since December, confirming that demand is in control. After reaching a new multi-year high in March at $31, REZI pulled back to $27 but has since reversed back up into Xs, putting the chart two boxes away from a fourth consecutive buy signal as well as a retest of the all-time high printed in 2018 at $32. New positions are welcome in the high 20s to low 30s. We will set our initial stop at $22 which would violate multiple levels of support and we will use REZI’s bullish price objective of $43.50 as our near-term price target.

 
  19                             20                                                         21                
31.00                                                                                                 X       31.00
30.00                                                                                                 X O 4   30.00
29.00                                                                                             X   X O X   29.00
28.00                                                                                             X O X O X Mid 28.00
27.00                                                                                           X O 3 O     27.00
26.00 X                                                                                     X   2 O X       26.00
25.00 X O                                                                                   X O X O X       25.00
24.00 X O                                                                                   X O X O         24.00
23.00 2 3 5                                                                                 1 O             23.00
22.00 1 O X O 6                                                                             X               22.00
21.00 X O 4 O X O                                                                           X               21.00
20.00 X O X O X O                                                                       X   X               20.00
19.50   O X O   7                                                           X   X   X   C O X             Bot 19.50
19.00   O X     O                                                           X O X O X O X O X               19.00
18.50   O X     8                                                           X O X O X O X O X               18.50
18.00   O       O                                                           X O   O X O   O X               18.00
17.50           O                                                           X     O X     O                 17.50
17.00           O                                                           X     O X                       17.00
16.50           O                                                           X     O X                       16.50
16.00           O X                                                         X     O                       16.00
15.50           O X O                                                       X                             15.50
15.00           O X O A                                                     X                             15.00
14.50           O 9 O X O                                           X       X                             14.50
14.00           O X O X O                                           X O     X                             14.00
13.50           O X O   O                                       X   X O     X                             13.50
13.00           O       O                                       X O X O     X                             13.00
12.50                   O         X                         X   7 O X 9 X   X                             12.50
12.00                   O         X O                       X O X 8 X O X O X                             12.00
11.50                   O         X O                       X O X O X O A O B                             11.50
11.00                   O         X 1                     X O   O X O X O X                             11.00
10.50                   O B   X   X O X                   X X     O   O X O X                             10.50
10.00                   O X O X O X 2 X O                 X O X         O   O                               10.00
9.50                   O X O X O X O X O                 X O X                                             9.50
9.00                   O   O   C   O X 3                 X O                                               9.00
8.50                               O   O                 X                                                 8.50
8.00                                   O                 X                                                 8.00
7.50                                   O                 6                                                 7.50
7.00                                   O                 X                                                 7.00
6.50                                   O                 X                                                 6.50
6.00                                   O     X       X   X                                                 6.00
5.50                                   O X   X O X   5 O X                                                 5.50
5.00                                   O X O X O X O X O X                                                 5.00
4.75                                   O X O X 4 X O X O                                                   4.75
4.50                                   O X O X O X O X                                                     4.50
4.25                                   O X O X O X O X                                                     4.25
4.00                                   O   O   O X O                                                       4.00
3.75                                           O                                                         3.75
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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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