Today's featured stock is United Microlectronics Corporation (Taiwan) ADR (UMC).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| AKR | Acadia Realty Trust | Real Estate | $21.03 | 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 | $32.86 | 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 |
| FOE | Ferro Corp | Chemicals | $21.57 | 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 |
| SC | Santander Consumer USA Holdings Inc. | Finance | $42.40 | high 30s to mid 40s | 57 | 34 | 5 for 5'er, top 10% of DWAFINA, 3 consec buy signals, all-time highs, 2.11% yield, |
| KR | The Kroger Co. | Retailing | $43.43 | hi 30s - low 40s | 50 | 35 | 4 for 5'er, #7 of 97 in RETA sector matrix, multiple buy signals, pullback from ATH, 18% yield |
| NEE | NextEra Energy, Inc. | Utilities/Electricity | $88.03 | low to high 80s | 102 | 68 | 4 for 5'er, 1 box from all-time high, 3 consec buy signals, LT market RS buy signal, pos trend, monthly & weekly momentum |
| GSL | Global Ship Lease Inc. | Transports/Non Air | $21.96 | mid to upper 20s | 40 | 20 | 5 for 5'er, top 10% DWATRAN, 3 consec buy signals, rally highs, 1box from 4th buy signal, 4.34% yield |
| LH | Laboratory Corp. of America Holdings | Healthcare | $290.32 | 280s - low 300s | 336 | 256 | 5 for 5'er, top half of HEAL sector matrix, LT pos mkt RS, pos wkly mom flip |
| ABT | Abbott Laboratories | Drugs | $130.27 | low 120s - low 130s | 174 | 104 | 4 for 5'er, top half of DRUG sector matrix, LT pos mkt RS, spread triple top, pos monthly mom flip, 1.4% yield |
| ESI | Element Solutions Inc. | Chemicals | $22.68 | mid to upper 20s | 37 | 20 | 5 for 5'er, multi-year high, 6 consec buy signals, top of DWACHEM |
| BAM | Brookfield Asset Management | Finance | $55.50 | mid to hi 50s | 70 | 47 | 5 for 5'er, top 20% of FINA sector matrix, LT pos mkt RS, multiple consecutive buy signals |
| BJ | BJ's Wholesale Club Holdings Inc | Retailing | $65.03 | mid-to-upper 60s | 78 | 56 | 4 for 5'er, #10 of 91 in RETA sector matrix, multiple consec buys, pullback from ATH |
| SMCI | Super Micro Computer, Inc. | Computers | $43.23 | low 40s | 52 | 34 | 4 for 5'er, top 20% of COMP sector matrix, multiple buy signals, pullback from ATH |
| TGT | Target Corporation | Retailing | $247.57 | 240s - 260s | 31 | 200 | 5 for 5'er, top half of RETA sector matrix, LT pos mkt RS, multiple consec buy signals, pull back from ATH, 1.5% yield. |
| UMC | United Microlectronics Corporation (Taiwan) ADR | Semiconductors | $12.08 | 11.50 - 12.50 | 19 | 10 | 4 for 5'er, top half of favored SEMI sector matrix, bullish catapult, 2.4% yield, R-R>3.0, pot. cov. write |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| LUV | Southwest Airlines Co. | Aerospace Airline | $44.28 | mid 40s | 37 | 53 | 1 for 5'er, consec sell signals, negative trend, low in the unfavored DWAAERO matrix |
| GKOS | Glaukos Corp. | Healthcare | $40.27 | mid 40s | 34 | 50 | 1 for 5'er, market RS in Os this week, consec sell signals, bottom of DWAHEAL, controlled by supply |
Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| COUR | Coursera Inc | Business Products | $26.36 | mid 30s | 21 | 41 | COUR has moved into heavily oversold territory. OK to hold here. Lower buy stop to $38. |
| AMAT | Applied Materials, Inc. | Semiconductors | $145.83 | 140s - low 150s | 212 | 122 | AMAT fell to a sell signal in Monday's trading. OK to hold here. Maintain $122 stop. |
Follow-Up Comments
| Comment | |||||||
|---|---|---|---|---|---|---|---|
|
|
|||||||
DWA Spotlight Stock
UMC United Microlectronics Corporation R (Taiwan) ADR ($12.05) - Semiconductors - UMC is a 4 for 5'er that ranks in the top half of the favored semiconductors sector matrix. On its default chart, UMC has given two consecutive buy signals, most recently completing a bullish catapult at $12. The stock also carries a 2.4% yield and offers a potential covered write opportunity on the April '22 call options. Long exposure may be added in the $11.50 - $12.50 range and we will set our initial stop at $10. We will use the bullish price objective, $19, as our target price, giving us a reward-to-risk ratio north of 3.0
| 03 | 04 | 05 | 06 | 07 | 08 | 09 | 10 | 11 | 12 | 14 | 15 | 17 | 19 | 21 | |||||||||||||||||||||||||||||||||||||||
| 12.50 | X | X | 12.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 12.00 | X | O | C | 12.00 | |||||||||||||||||||||||||||||||||||||||||||||||||
| 11.50 | X | 9 | O | X | 11.50 | ||||||||||||||||||||||||||||||||||||||||||||||||
| 11.00 | X | X | 8 | O | X | A | X | Mid | 11.00 | ||||||||||||||||||||||||||||||||||||||||||||
| 10.50 | X | 2 | O | X | O | X | O | X | O | 10.50 | |||||||||||||||||||||||||||||||||||||||||||
| 10.00 | X | O | X | O | 4 | O | 7 | O | 10.00 | ||||||||||||||||||||||||||||||||||||||||||||
| 9.50 | 1 | O | X | O | X | 5 | 6 | 9.50 | |||||||||||||||||||||||||||||||||||||||||||||
| 9.00 | X | O | O | X | O | X | Bot | 9.00 | |||||||||||||||||||||||||||||||||||||||||||||
| 8.50 | • | X | 3 | O | X | 8.50 | |||||||||||||||||||||||||||||||||||||||||||||||
| 8.00 | 4 | • | X | O | 8.00 | ||||||||||||||||||||||||||||||||||||||||||||||||
| 7.50 | X | O | • | C | 7.50 | ||||||||||||||||||||||||||||||||||||||||||||||||
| 7.00 | 3 | O | • | X | 7.00 | ||||||||||||||||||||||||||||||||||||||||||||||||
| 6.50 | X | 5 | • | X | 6.50 | ||||||||||||||||||||||||||||||||||||||||||||||||
| 6.00 | X | 6 | • | B | 6.00 | ||||||||||||||||||||||||||||||||||||||||||||||||
| 5.50 | O | • | • | X | 5.50 | ||||||||||||||||||||||||||||||||||||||||||||||||
| 5.00 | 7 | • | X | 4 | • | A | 5.00 | ||||||||||||||||||||||||||||||||||||||||||||||
| 4.75 | O | X | A | 3 | O | X | O | • | X | • | 4.75 | ||||||||||||||||||||||||||||||||||||||||||
| 4.50 | O | X | O | X | O | X | O | X | O | • | • | X | X | • | 4.50 | ||||||||||||||||||||||||||||||||||||||
| 4.25 | O | X | O | 9 | O | X | O | 5 | • | X | • | • | 8 | O | 9 | • | 4.25 | ||||||||||||||||||||||||||||||||||||
| 4.00 | O | X | O | B | 8 | C | O | 7 | • | • | X | O | • | 1 | • | X | O | X | • | 4.00 | |||||||||||||||||||||||||||||||||
| 3.75 | • | 8 | X | O | X | O | 7 | O | X | O | 4 | 1 | • | A | O | 5 | • | 9 | O | • | X | O | X | • | 3.75 | ||||||||||||||||||||||||||||
| 3.50 | O | 9 | X | O | 6 | • | O | 6 | O | 3 | O | X | O | X | B | 3 | O | • | X | 8 | O | 1 | • | X | O | • | 3.50 | ||||||||||||||||||||||||||
| 3.25 | O | X | C | 5 | • | 7 | X | 9 | X | O | X | O | X | C | X | O | • | 5 | O | 7 | 2 | B | O | • | X | • | 3.25 | ||||||||||||||||||||||||||
| 3.00 | O | X | O | X | • | A | X | A | X | 6 | • | 8 | • | 1 | X | 6 | • | 4 | O | X | 5 | X | O | • | 6 | 7 | • | 3.00 | |||||||||||||||||||||||||
| 2.75 | A | X | 1 | X | • | 4 | O | • | • | • | O | 7 | • | X | 6 | X | 8 | X | 3 | 3 | • | 5 | O | X | • | 2.75 | |||||||||||||||||||||||||||
| 2.50 | O | 2 | • | • | 8 | X | X | 3 | O | O | • | O | X | O | 7 | • | 7 | O | C | • | 2.50 | ||||||||||||||||||||||||||||||||
| 2.25 | • | 9 | X | O | X | O | X | • | • | 7 | X | O | X | O | 6 | A | X | • | 2.25 | ||||||||||||||||||||||||||||||||||
| 2.00 | O | X | O | X | O | X | • | 8 | 6 | X | O | X | O | X | • | 2.00 | |||||||||||||||||||||||||||||||||||||
| 1.75 | O | X | B | • | O | • | B | 7 | X | B | • | 1.75 | |||||||||||||||||||||||||||||||||||||||||
| 1.50 | A | • | • | • | 8 | • | • | 1.50 | |||||||||||||||||||||||||||||||||||||||||||||
| 03 | 04 | 05 | 06 | 07 | 08 | 09 | 10 | 11 | 12 | 14 | 15 | 17 | 19 | 21 |
