Daily Equity Roster
Published: February 22, 2022
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 AmerisourceBergen Corporation (ABC).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
AKR Acadia Realty Trust Real Estate $21.26 20 - 22 28 18 4 for 5'er, #6 of 154 in REAL sector matrix, one box from RS buy signal, 2.7% yield
FOE Ferro Corp Chemicals $21.84 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 Earnings 2/23
SWCH Switch, Inc. Class A Internet $24.88 25 - 28 54.50 22 4 for 5'er #6 of 51 in INET sector matrix, spread triple top, R-R>5.0, Earn. 2/24
EQH Equitable Holdings Inc Insurance $33.17 mid to upper 30s 47.5 27 5 for 5'er, pullback from ATH, 3 consec buy signals, pos weekly momentum flip, 2.2% yield
TROX Tronox Incorporated Chemicals $21.22 mid 20s 43.50 20 5 for 5'er, top 1/3 DWACHEM matrix, 3 weeks pos weekly mom, pullback from rally high, 1.65% yield
TTM Tata Motors Limited (India) ADR Autos and Parts $32.67 low-to-mid 30s 68.50 28 5 for 5'er, 4th of 58 in AUTO sector matrix, one box from multi-year high, R-R>5.0
CWK Cushman & Wakefield Plc Real Estate $22.62 low to mid 20s 30.5 17.5 5 for 5'er, 6 consecutive buy signals, all-time highs, top 25% DWAREAL matrix, positive trend, pos mon mom, Earn. 2/24
BCS Barclays PLC Adr (United Kingdom) ADR Banks $10.49 9.50 - 11 17.50 8.50 4 for 5'er, top half of favored BANK sector matrix, one box from peer RS buy, multiple consec buy signals, 1.5% yield
OZK Bank OZK Banks $47.28 mid $40s - $50s 94 38 5 for 5 TA, 3 consec. buy signals, pullback to middle of trading band from rally high, 2.49% yield
DVN Devon Energy Corporation Oil $54.78 upper 40s - low 50s 82 42 5 for 5'er, #5 of 74 in favored oil sector matrix, bullish catapult, 3.8% yield, R-R>3.0
FANG Diamondback Energy Inc Oil $131.47 mid 120s - mid 130s 184 104 5 for 5'er, top 20% of favored OIL sector matrix, R-R>2.5, 1.55% yield, Earn. 2/22
SBCF Seacoast Banking Corporation of Florida Banks $37.21 mid-to-upper 30s 55 29 5 for 5'er, top half of favored BANK sector matrix, spread triple top, R-R>2.5, 1.4% yield
MT ARCELORMITTAL SA (Netherlands) ADR Steel/Iron $30.33 low-to-mid $30s 58 26 4 for 5 TA rating, top half of steel/iron RS matrix, R-R > 4.5
SNV Synovus Financial Corp. Banks $51.88 low-to-mid $50s 72 43 5 TA rating, top quintile of BANK sector matrix, pos. trend, 2.58% yield
RJF Raymond James Financial Inc Wall Street $108.52 mid 100s - low 110s 143 91 5 for 5'er, #2 of 28 in favored WALL sector matrix, bullish catapult, 1.12% yield
UPS United Parcel Service, Inc. Aerospace Airline $209.36 200s - 220s 306 176 5 for 5'er, 2nd of 45 in AERO sector matrix, multiple buy signals, 2.76% yield, R-R>2.0
CPRI Capri Holdings Ltd Retailing $67.81 mid $60s to low $70s 103 56 5 TA rating, top of RETA sector matrix, recent positive momentum flips, R-R > 2
CFG Citizens Financial Group Inc Banks $53.25 low-to-mid 50s 84 46 4 for 5'er, top third of BANK sector matrix, one box from RS buy signal, spread quad top, R-R>3.0, 2.9% yield
PBF PBF Energy Inc. Oil $18.01 $16 to $19 34 14.50 5 TA rating, top quintile of OIL matrix, consec. buy signals, R-R > 3.5
NLOK NortonLifeLock Inc. Software $27.97 mid to hi 20s 45.50 23 4 for 5'er, #2 of 117 in SOFT sector matrix, triple top, 1.7% yield, R-R>3.0
ABC AmerisourceBergen Corporation Drugs $141.50 low $130s to mid $140s 182 112 5 TA rating, top decile of DRUG sector matrix, consec. buy signals, 1.29% yield

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
BMBL Bumble, Inc. Class A Internet $25.19 hi 20s - low 30s 21.50 35 0 for 5'er, bottom 25% of unfavored INET sector matrix, bearish triangle

Removed Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
AMP Ameriprise Financial Finance $300.56   440 260 AMP was removed as it moved to a sell signal Tuesday. Those with current exposure can maintain a stop at $260.

Follow-Up Comments

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DWA Spotlight Stock

 

ABC AmerisourceBergen Corporation R ($140.56) - Drugs - ABC has a 5 for 5 TA rating and is ranked in the top decile of names in the drugs sector RS matrix. This stock moved back to a positive trend in late-2021 and gave two consecutive buy signals before reaching a new all-time high at $144 earlier this month. Since then, ABC has seen price normalization to arrive at a current position near $140. Weekly momentum also just flipped positive, suggesting the potential for further upside from here. The stock also carries a 1.29% yield. Long exposure may be added in the low $130s to mid $140s. Out initial stop will be set at $112, which would violate multiple support levels on the default chart. We will use the bullish price objective of $182 as our price target.

 
                                                    21                                             22        
144.00                                                                                                     X   144.00
142.00                                                                                                     X   142.00
140.00                                                                                                     X   140.00
138.00                                                                                                     2   138.00
136.00                                                                                                 1   X   136.00
134.00                                                                                                 X O X   134.00
132.00                                                                                                 X O X Mid 132.00
130.00                                                                                               X O X   130.00
128.00                                                                                 X           X X O     128.00
126.00                                                                               X O X       X O X       126.00
124.00                                                                 5   X       8 O 9 O     B O X       124.00
122.00                                                                 4 O X O X   X O X O X   X O X       122.00
120.00                                                                 X O X O X O 6 X O X O X O X O X       120.00
118.00                                                                 X O X O X O X O X O X A X O X O X     118.00
116.00                                                                 X O   O X O X O X O O O O X   Bot 116.00
114.00                                                                 X     O   O O X       C       114.00
112.00                                                     X       X   X           7                     112.00
110.00                                                 X   X O 2   X O X                                   110.00
108.00                                               X O X O X O X O 3                                     108.00
106.00                             X                 X O X O X O X O X                                     106.00
104.00                         X   8 O               X O X O   O   O X                                     104.00
102.00                 X   X   X O X O             X O X         O                                       102.00
100.00                 X O X O X O X O X         X X O X                                                 100.00
99.00                 X O X O X O   O X O     X O X C X                                                 99.00
98.00                 X O X O X     O X O     X X O X O X                                                 98.00
97.00                 6 O X 7 X     O X O X   X O X O B O X                                                 97.00
96.00                 X O X O X     9 X O X O X O X O X O X                                                 96.00
95.00             X   X O X O       O X O X O X A X O X 1                                                   95.00
94.00             X O X O X         O   O X O X O O X                                                     94.00
93.00           X O X O               O O X   O                                                       93.00
92.00 X       X X O X                 O                                                             92.00
91.00 X O     X O X O                                                                                     91.00
90.00 X O     X O X                                                                                         90.00
89.00 X O X   X O X                                                                                         89.00
88.00 X 5 X O X O X                                                                                         88.00
87.00 X O X O X O X                                                                                         87.00
86.00 O O O X                                                                                         86.00
85.00       O X                                                                                         85.00
84.00           O X                                                                                         84.00
83.00           O X                                                                                         83.00
82.00           O                                                                                           82.00
                                                    21                                             22        

 

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