Daily Equity Roster
Published: June 28, 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 Noodles & Company (NDLS).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
GTES Gates Industrial Corporation plc Business Products $18.01 high 10s 22 14 4 for 5'er, top 1/3 of business products sector RS matrix, bullish triangle, multi-year highs, consec buys
GRMN Garmin Ltd. Electronics $144.37 high 130s to high 140s 177 116 5 for 5'er, 5 consec buy signals, double top at ATH,LT market RS buy signal
ASML Asm Lithograpghy HLDG NV (Netherlands) ADR Semiconductors $686.21 mid-to-upper 600s 856 592 5 for 5'er, top 10% of SEMI sector matrix, LT pos mkt RS, R-R>2.0
GFL GFL Environmental Inc Waste Management $32.00 low to upper 30s 38 26 5 for 5'er, 5 consec buy signals, pullback from ATH
AKR Acadia Realty Trust Real Estate $22.16 20 - 22 28 18 4 for 5'er, #6 of 154 in REAL sector matrix, one box from RS buy signal, 2.7% yield
CAL Caleres Inc. Textiles/Apparel $27.92 mid to upper 20s 32 23 5 for 5'er, 6 consec buy signals, multi-year high, top 10% of DWATEXT
SPR Spirit Aerosystems Holdings Inc. Aerospace Airline $49.80 high 40s - low 50s 78 40 4 for 5'er, top third of AERO sector matrix, bearish signal reversal, R-R>2.5
FHN First Horizon Corp. Banks $17.86 high 10s 25.5 15.5 4 for 5'er, 4 consec buy signals, at multi-year highs, top 15% of DWABANK matrix, 3.28% yield
MGM MGM Resorts International Gaming $43.89 low-to-mid 40s 59 34 4 for 5'er, top half of GAME sector matrix, quad top breakout, R-R>2.0
MSFT Microsoft Corporation Software $265.02 250s - mid 260s 288 208 4 for 5'er, top half of SOFT sector matrix, multiple buy signals, LT pos trend and mkt RS, 0.9% yield
STOR Store Capital Corp. Real Estate $35.53 mid-to-upper 30s 47.50 30 5 for 5'er, multiple buy signals, one box from 52-week high, 4.1% yield, R-R>2.0
OLN Olin Corp Chemicals $46.66 hi 40s - low 50s 66 38 5 for 5'er, #2 of 55 names in chemicals sector matrix, triple top breakout, pullback from ATH, 1.75% yield.
WHD Cactus, Inc. Class A Oil Service $38.56 hi 30s - low 40s 51.50 32 5 for 5'er, #2 of 29 in favored OILS sector matrix, bullish triangle, pullback from ATH
RVNC Revance Therapeutics, Inc Biomedics/Genetics $30.82 hi 20s - low 30s 40 26 4 for 5'er, top 25% of BIOM sector matrix, quad top breakout, positive trend change, pos monthly mom flip
NDLS Noodles & Company Restaurants $12.74 11.50 - 13.50 20 10 5 for 5'er, #1 of 28 in REST sector matrix, triple top, pullback to mid of trading band, R-R>2.5

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
AVNS Avanos Medical, Inc. Healthcare $38.83 low 40s - upper 30s 35 47 0 for 5'er, negative trend, 3 consecutive sell signals, bottom 25% of DWAHEAL, negative monthly momentum
OPEN Opendoor Technologies Inc. Wall Street $17.11 low to mid 10s 2 19.50 0 for 5'er, 4 consecutive sell signals, negative trend, bottom of DWAWALL matrix, negative monthly momentum

Follow-Up Comments

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DWA Spotlight Stock

 

NDLS Noodles & Company R ($12.05) - Restaurants - NDLS is a 5 for 5'er that ranks first out of 28 names in the restaurants sector matrix. In trading earlier this month, NDLS broke a triple top at $13 and continued higher, to $13.50, taking out resistance that had been in place since 2018. In Monday's trading, the stock reversed down to the middle of its trading, offering an entry point for long exposure. Positions may be added in the $11.50 - $13.50 range and we will set our initial stop at $10, the first potential sell signal on NDLS's default chart. We will use the bullish price objective, $20, as our target price, giving us a reward-to-risk ratio in excess of 2.5.

 
                17                     18           19           20                           21                  
13.50 X   X                   •                   •                                                       X     13.50
13.00 X O 3 O                   •         X       X •                                                     6 o   13.00
12.50 2 O X O                     •       X O X   X O •                                           X   5   X o   12.50
12.00 X O X O                       •     X O X O X O   •                                         X O X O X o Mid 12.00
11.50 X O   O                         •   X 7 8 O X O     •                                   X   X O X O X     11.50
11.00 X     4                           • X O X A X O       •                                 X O X O X O X     11.00
10.50 X     O                             X O X O   O         •                               3 O X O X O       10.50
10.00 X     5                             6 O       O           •                             X O   4 X         10.00
9.50       O                             X         O             •   •                       2     O           9.50
9.00       7                             X         O     X       X • X •             X       1                 9.00
8.50       O                             5         B     X O 7   X O X O •           X O A   C           •   Bot 8.50
8.00       O                             X         O 2   X O X O X O X O   •         X O X O B         •       8.00
7.50       O                             X         C X O 5 O X O 2 O   3     •       8 9 X O X       •         7.50
7.00       8                             3         O X O X 6   8 X     O       • X   7 O   O X     •           7.00
6.50       O                             2         O   3 X     O 1     O     X   6 O X     O     •             6.50
6.00       9             4               1           • 4       O X     O     X O X O X         •               6.00
5.50       O             X O             C         •           O B     O X   X O X O         •                 5.50
5.00       O B   X       X O     X       X       •             A X     O X O X 5 X         •                   5.00
4.75       O X O C O X   X 5     X O A   X     •               O X     O X O X O X       •                     4.75
4.50       A X O X O X O X O X   X O X O X   •                 O       O X O X O X     •                       4.50
4.25       O   O X O X O X 6 7 O 9 O X O X •                           O X 4 X O     •                         4.25
4.00           O X 1   2 X O X O X O • B •                             O X O X     •                           4.00
3.75           O       O X O X O X •   •                               O X O X   •                             3.75
3.50                   3 X O • 8 •                                     O   O X •                               3.50
3.25                   O • •   •                                           O •                                 3.25
                17                     18           19           20                           21                  

 

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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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