Daily Equity Roster
Published: August 25, 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 Manhattan Associates, Inc. (MANH).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
GFL GFL Environmental Inc Waste Management $34.72 low to upper 30s 38 26 5 for 5'er, 5 consec buy signals, pullback from ATH
AKR Acadia Realty Trust Real Estate $20.98 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 $35.12 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
NDLS Noodles & Company Restaurants $12.38 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
JBL Jabil Circuit, Inc. Electronics $59.89 low to high 50s 73 $47 4 for 5'er, multi-year highs, consecutive buy signals, top 10% of DWAELEC Earnings 9/22
TW Tradeweb Markets, Inc. Class A Business Products $88.07 80s 100 71 4 for 5'er, top 20% of BUSI sector matrix, triple top, pullback from ATH
UNH UnitedHealth Group Incorporated Healthcare $423.41 390-420 496 340 4 for 5'er, top half of favored DWAHEAL matrix, consec buy signals, pullback from ATH, pos weekly mom flip, 1.38% yield
GGG Graco Inc Machinery and Tools $77.49 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
FB Facebook Inc. Internet $365.51 340s - 360s 460 304 4 for 5'er, top third of INET sector matrix, triple top breakout, pullback from ATH, R-R>2.0
AFG American Financial Group Inc Insurance $136.46 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 $51.36 high 40s to mid 50s 63 40 4 for 5'er, top 10% of DWAAUTO, 10 consec buy signals & sitting at ATH
FOE Ferro Corp Chemicals $20.45 high teens to low 20s 35 16 4 for 5'er, 8 consec buy signals, pullback from recent high, pos trend, top of DWACHEM matrix
SNX SYNNEX Corporation Computers $126.13 hi 110s - hi 120s 154 100 5 for 5'er, top 20% of COMP sector matrix. LT pos mkt RS, bearish signal reversal, pos wkly mom flip
DFS Discover Financial Services Finance $129.31 low 120s to high 130s 171 108 4 for 5'er, 4 consec buy signals, 2 weeks of pos weekly mom, new ATH, top 20% of DWAFINA
ANET Arista Networks Inc Internet $376.45 360s - 380s 412 312 4 for 5'er, top 20% of INET sector matrix, one box from mkt RS buy signal, multi consec buys, pullback from ATH
APG APi Group Corporation Building $23.25 low to mid 20s 32.5 18 5 for 5'er, 5 consec buy signals, double top at ATH, pos weekly momentum, pos trend
RRR Red Rock Resorts Inc Gaming $43.35 low-to-mid 40s 55 35 5 for 5'er, top 25% of GAME sector matrix, pullback from ATH, triple top breakout
SYF Synchrony Financial Finance $50.21 low-to-mid 50s 66 43 4 for 5'er, top 20% of FINA sector matrix, spread triple top, one box from peer RS buy signal, 1.7% yield.
ADM Archer-Daniels-Midland Company Food Beverages/Soap $59.61 low-to-mid $60s 96 49 4 for 5'er, top 20% of FOOD sector matrix, multiple buy signals, pullback from ATH, 2.4% yield
BAC Bank of America Banks $41.48 low 40s 46 36 5 for 5'er, top half of BANK sector matrix, LT pos mkt RS, 2% yield
CSX CSX Corporation Transports/Non Air $33.37 low to mid 30s 47 27 4 for 5'er, long-term market & Peer RS Buys, Pos trend since 2009, consec buy signals, all-time highs
YETI YETI Holdings, Inc. Leisure $99.58 mid 90s - low 100s 127 83 5 for 5'er, #1 of 55 in LEIS sector matrix, pullback from ATH, R-R>2.0
MANH Manhattan Associates, Inc. Software $162.90 hi 150s - hi 160s 224 136 5 for 5'er, top 20% of SOFT sector matrix, LT pos mkt RS, R-R>2.0

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
OPEN Opendoor Technologies Inc. Wall Street $17.27 low to mid 10s 2 19.50 0 for 5'er, 4 consecutive sell signals, negative trend, bottom of DWAWALL matrix, negative monthly momentum
RAMP Liveramp Holdings Inc. Business Products $45.26 high 40s to high 30s 36 51 0 for 5'er, 10 consec sell signals, 52 week lows, negative monthly mom flip, negative trend

Removed Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
DKS Dick's Sporting Goods, Inc. Retailing $114.39 high 100s to high 110s 153 91 DKS has moved into heavily overbought territory. OK to hold here. Raise stop to $102.

Follow-Up Comments

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DWA Spotlight Stock

 

MANH Manhattan Associates, Inc. R ($163.09) - Software - MANH is a 5 for 5'er that ranks in the top quintile of the software matrix and has been on a market RS buy signal since April 2019. After briefly falling to a sell signal, MANH rallied, returning to a buy signal in late July and reaching a new all-time high earlier this month. Long exposure may be added in the upper $150s to upper $160s. We will set our initial stop at $136, which would take out two levels of support on MANH's default chart; combined with the bullish price objective of $224, this gives us a reward-to-risk ratio north of 2.0.

 
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166.00                                                                                                 X       166.00
164.00                                                                                                 8 O x   164.00
162.00                                                                                                 X O X   162.00
160.00                                                                                                 X O X   160.00
158.00                                                                                                 X O X   158.00
156.00                                                                                                 X O X   156.00
154.00                                                                                                 X O     154.00
152.00                                                                                                 X       152.00
150.00                                                                                                 X     Mid 150.00
148.00                                                                                             7   X       148.00
146.00                                                             X                   X       X   X O X       146.00
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142.00                                                             X O                 X O     X O X O X       142.00
140.00                                                             X O                 X O     6 O   O X       140.00
138.00                                                             X O                 X O     X     O         138.00
136.00                                                             X O                 X 5 X   X             136.00
134.00                                                             X O                 X O X O X             134.00
132.00                                                         X   X O                 X O X O X             132.00
130.00                                                         X O X O X               X O X O               130.00
128.00                                                         X O X O X O X           X O X                 128.00
126.00                                                         X O X O 3 O X O         X O                   126.00
124.00                                                         X O X O X O X O         X                   Bot 124.00
122.00                                                         X O X O X O X O     X   X                     122.00
120.00                                                     X   X O   O   O X O X   4 O X                     120.00
118.00                                                     X O 2         O X O X O X O X                     118.00
116.00                                                     X O X         O X O X O X O                       116.00
114.00                                                     X O X         O X O   O                         114.00
112.00                                                     X O           O                                   112.00
110.00                                                     X                                                 110.00
108.00                                               X   1                                                 108.00
106.00                 X                           X O X                                                 106.00
104.00                 X O X                     C   X O X                                                 104.00
102.00                 X O X O                   X O X O                                                   102.00
100.00                 X O X O       X           X O X                                                     100.00
99.00                 X O X O       X O         X O X                                                     99.00
98.00     X       A   X O   O       X O         X O                                                       98.00
97.00     X O     X O X     O         X O         X                                                         97.00
96.00 X   X O X   X O X     O     X   X O X       X                                                         96.00
95.00 X O X O X O X O       O     X O X O X O     X                                                         95.00
94.00 X O X O X O X         O X   X O X O X O X   X                                                         94.00
93.00 X O X O   O X         O X O X O   O   O X O X                                                         93.00
92.00 X O       O         O X O X         O X O X                                                         92.00
91.00 X                   O   O X         O   O                                                           91.00
90.00 X                       O X                                                                       90.00
89.00                         O X                                                                         89.00
88.00                         O X                                                                         88.00
87.00                         O X                                                                         87.00
86.00                         O X                                                                         86.00
85.00                         O X                                                                         85.00
84.00                         B                                                                           84.00
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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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