Daily Equity Roster
Published: August 5, 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 LKQ Corporation (LKQ)

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
GFL GFL Environmental Inc Waste Management $35.23 low to upper 30s 38 26 5 for 5'er, 5 consec buy signals, pullback from ATH
AKR Acadia Realty Trust Real Estate $20.62 20 - 22 28 18 4 for 5'er, #6 of 154 in REAL sector matrix, one box from RS buy signal, 2.7% yield
STOR Store Capital Corp. Real Estate $35.62 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
RVNC Revance Therapeutics, Inc Biomedics/Genetics $29.32 hi 20s - low 30s 40 26 5 for 5'er, top 25% of BIOM sector matrix, quad top breakout, positive trend change, pos monthly mom flip
NDLS Noodles & Company Restaurants $12.64 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
SEM Select Medical Holdings Corporation Healthcare $38.47 hi 30s - low 40s 58 35 5 for 5'er, #8 of 116 names in favored HEAL sector matrix, multiple buy signals, good R-R
JBL Jabil Circuit, Inc. Electronics $58.93 low to high 50s 73 $47 4 for 5'er, multi-year highs, consecutive buy signals, top 10% of DWAELEC Earnings 9/22
OXY Occidental Petroleum Corporation Oil $25.69 upper 20s - lower 30s 33.50 22 3 for 5'er, top half of favored OIL sector matrix, bullish triangle, pullback from 52-week high
TW Tradeweb Markets, Inc. Class A Business Products $87.84 80s 100 71 4 for 5'er, top 20% of BUSI sector matrix, triple top, pullback from ATH
UNH UnitedHealth Group Incorporated Healthcare $421.54 390-420 496 340 4 for 5'er, top half of favored DWAHEAL matrix, consec buy signals, pullback from ATH, pos weekly mom flip, 1.38% yield
MS Morgan Stanley Wall Street $96.29 90s 109 83 5 for 5'er, top 10% of WALL sector matrix, spread triple top, LT pos mkt RS, 3.1% yield
ENTG Entegris Inc. Semiconductors $124.21 110s to high 120s 170 95 5 for 5'er, pullback from ATH, long-term market RS buy signal, top 25% of DWASEMI
GGG Graco Inc Machinery and Tools $79.60 mid 70s to low 80s 108 64 4 for 5'er, consec buy signals, pullback from ATH, 1 box from bullish triangle, pos weekly momentum, long-term market & peer RS buy signals
DHI D.R. Horton, Inc. Building $95.85 90s 109 79 4 for 5'er, top 25% of BUIL sector matrix, LT pos mkt RS, spread quad top breakout, pos. trend change
AA Alcoa Inc. Metals Non Ferrous $38.75 mid to upper 30s to mid 40s 56 30 5 for 5'er, bearish signal reversal pattern, pullback from multi-year highs, pos weekly mom flip, long-term market RS buy signal
ODFL Old Dominion Freight Line, Inc. Transports/Non Air $270.36 250s to 280s 324 216 5 for 5'er, pullback from ATH, 5 consec buy signals, LT market RS, pos weekly momentum, top 1/3 DWATRANS
ARCH Arch Resources Inc Oil $66.08 mid-to-upper 60s 85 56 5 for 5'er, top 10% of oil sector matrix, bullish catapult, pullback from 52-wk high, R-R~2.0
FB Facebook Inc. Internet $358.92 340s - 360s 460 304 4 for 5'er, top third of INET sector matrix, triple top breakout, pullback from ATH, R-R>2.0
CMC Commercial Metals Corporation Steel/Iron $31.80 low to mid 30s 36 26 5 for 5er, 2 weeks pos weekly mom, 4 consec buy signals, pullback from multi-year high, 1.46% yield
AFG American Financial Group Inc Insurance $129.47 high 120s - high 130s 152 106 5 for 5'er, #5 of 65 names in INSU sector matrix, multiple consec buy signals, triple top breakout
LKQ LKQ Corporation Autos and Parts $50.91 high 40s to mid 50s 63 40 4 for 5'er, top 10% of DWAAUTO, 10 consec buy signals & sitting at ATH

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
OPEN Opendoor Technologies Inc. Wall Street $14.51 low to mid 10s 2 19.50 0 for 5'er, 4 consecutive sell signals, negative trend, bottom of DWAWALL matrix, negative monthly momentum, Earn. 8/11
RAMP Liveramp Holdings Inc. Business Products $38.66 high 40s to high 30s 36 51 0 for 5'er, 10 consec sell signals, 52 week lows, negative monthly mom flip, negative trend

Follow-Up Comments

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DWA Spotlight Stock

 

LKQ LKQ Corporation R ($50.23) - Autos and Parts - LKQ is a solid 4 for 5’er that ranks within the top decile of the autos and parts sector stock matrix. Last week, LKQ gave its 10th consecutive buy signal with a move to $52, which also marked a new all-time high. Overall, the weight of the evidence is positive. Okay to add new exposure in the high 40s to mid-50s. We will set our initial stop at $40, which would violate multiple levels of support on the chart. We calculated a modified bullish price objective of $63 using LKQ’s most recent buy signal, which will serve as our near-term price target.

 
        15       16           17 18         19               20                                 21                
52.00                                                                                                     X   52.00
51.00                                                                                                 X   7   51.00
50.00                                                                                                 5 O X   50.00
49.00                                                                                                 X O X Mid 49.00
48.00                                                                                                 X 6 X   48.00
47.00                                                                                                 X O     47.00
46.00                                                                                                 X       46.00
45.00                                                                                                 X       45.00
44.00                             •                                                               X   4       44.00
43.00                             X • •                                                           X O X     Bot 43.00
42.00                             1 O X •                                                         X O X       42.00
41.00                             X O X O •                                                       3 O         41.00
40.00                             C 2 X O   •                                                 X   X           40.00
39.00                             X O X 3     •                                               X O X           39.00
38.00                             B O   O       •                                         X   1 O 2           38.00
37.00                             A     4         •       •                               X O X O X           37.00
36.00                     X       X     O X         •     X •                             X O X O X           36.00
35.00                     8 O     9     O X O         •   B O •                           X O   O             35.00
34.00                 X   X O C   7     O 7 O           • X O   •                         X                   34.00
33.00                 4 O 7 A B O 6     O 6 8         X   X 1     •                   9   B                   33.00
32.00         X       X O X O X O X     O X 9         X O X 2       •         X       X O X                   32.00
31.00         7 O 9   X 6 X O X O X     O X A X       X O X O         •       X O     X O X                   31.00
30.00         6 O X O 3 O   O   3 X     O • O 4 O     X A   O           •     6 O     8 O A                   30.00
29.00 9   B   X 8 X O X         4 X     •   O 3 O     X     O             •   X O     X O X                   29.00
28.00 8 O X O 5 O X O X         O     •     O 2 5 X   9     3               • X O X   7 O X                   28.00
27.00 X O X O X O   1 X             •       O X O X O X   • O             X   X O X O X O                 •   27.00
26.00 X A   1 4     O X           •         O X O X O X •   O             X O X O X O X                 •     26.00
25.00       2 X     2 X         •           C X 7 • 8 •     O             X O X O   O                 •       25.00
24.00       O X     O         •             O X •   •       O             X 5 X                     •         24.00
23.00       O               •               1 •             O         X   X O X                   •           23.00
22.00                     •                 •               O     X   X O X O                   •             22.00
21.00                   •                                   O     X O X O X                   •               21.00
20.00                 •                                     O     X O X O X                 •                 20.00
19.50               •                                       O     X 4 X O                 •                   19.50
19.00             •                                         O     X O X                 •                     19.00
18.50           •                                           O     X O X               •                       18.50
18.00         •                                             O X   X 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 O X         •                                 16.00
15.50                                                       O X O X       •                                   15.50
15.00                                                       O X O X     •                                     15.00
14.50                                                       O X O X   •                                       14.50
14.00                                                       O   O X •                                         14.00
13.50                                                           O •                                           13.50
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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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