Daily Equity Roster
Published: August 18, 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 Northrop Grumman Systems Corporation (NOC).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
RLI R L I Corp Insurance $118.62 110s 161 96 5 for 5'er, top 20% of INSU sector matrix, spread triple top, R-R>2.0
GPK Graphic Packaging Intl. Forest Prods/Paper $23.35 21 - 23 26 18 5 for 5'er, #2 of 15 in favored FORE sector matrix, LT pos mkt RS, triple top, 1.3% yield
KDNY Chinook Therapeutics Inc. Biomedics/Genetics $21.61 17-20 22 15 5 TA rating, top decile BIOM sect., cons. buy signals, pos. monthly mom.
ABBV AbbVie Inc. Drugs $141.44 low 150s - low 160s 192 134 5 for 5'er, top 20% of DRUG sector matrix, 3.7% yield
BJ BJ's Wholesale Club Holdings Inc Retailing $69.13 mid 60s - low 70s 83 55 5 TA rating, top quintile RETA sect., cons. buy signals, pos. wkly mom.Earn. 8/18
UNH UnitedHealth Group Incorporated Healthcare $545.00 510s - 530s 632 432 5 for 5'er, top 25% of HEAL sector matrix, LT pos mkt RS, 1.3% yield
CI CIGNA Corporation Insurance $291.60 260s - low 280s 356 224 4 for 5'er, #3 of 67 in INSU sector matrix, new ATH, 1.6% yield
TAP Molson Coors Company Food Beverages/Soap $55.68 mid 50s - low 60s 78 49 5 for 5'er, top quintile of FOOD sector matrix, quad top, 2.6% yield, R-R>2.0
DOX Amdocs Limited Software $89.05 mid-80s to low 90s 111 68 4 TA rating, top quintile SOFT matrix, cons. buy signals, recent pos. wkly mom.
GEF Greif Brothers Business Products $71.87 mid to hi 60s 80 57 5 for 5'er, top 20% of BUSI sector matrix, spread triple top, 2.7% yield, Earn. 8/31
AMT American Tower REIT Real Estate $277.46 260 - 280 272+ 220 5 for 5'er, top third of REAL sector matrix, LT pos mkt RS, spread quad top, 2.2% yield
TMUS T-Mobile US Inc. Telephone $145.55 mid 130s - mid 140s 172 120 5 for 5'er, #5 of 3 in TELE sector matrix. LT pos mkt RS, triple top breakout
TMO Thermo Fisher Scientific Inc. Healthcare $596.04 560s - 590s 808 496 5 for 5'er, top quartile of HEAL sector matrix, LT pos mkt RS, big base breakout, R-R>2.0
BAH Booz Allen Hamilton Holding Business Products $98.14 90s 110 79 4 for 5'er, 12th of 103 in favored BUSI sector matrix. triple top, 1.8% yield
MSFT Microsoft Corporation Software $291.32 270s - low 290s 352 240 5 for 5'er, top half of favored SOFT sector matrix, LT pos mkt RS, spread triple top, pos trend change
WPC W.P. Carey & Co. LLC Real Estate $88.29 $80s 100 71 4 TA rating, top decile REAL sector, consec. buy signals, recent pos. wkly mom., buy-on-pullback, 5.01% yield
GOOGL Alphabet Inc. Class A Internet $119.55 mid 110s - mid 120s 152 100 4 for 5'er, top half of favored INET sector matrix, LT pos mkt RS, quad top breakout
MCD McDonald's Corporation Restaurants $266.82 hi 240s - mid 260s 324 220 4 for 5'er, top third of favored REST sector matrix, LT pos mkt RS, bullish triangle, 2.15% yield
ABC AmerisourceBergen Corporation Drugs $149.53 mid 140s - mid 150s 172 126 4 for 5'er, top half of favored DRUG sector matrix, triple top, pos trend change, 1.2% yield
LVS Las Vegas Sands Corp. Gaming $37.45 hi 30s - low 40s 56 30 4 TA rating, top third GAME sect., recent pos. trend., pos. monthly mom.
XENE Xenon Pharmaceuticals Inc Healthcare $36.40 mid to upper $30s 42 30 5 for 5'er, top 25% of favored HEAL sector matrix, spread quad top, pullback from ATH
NOC Northrop Grumman Systems Corporation Aerospace Airline $492.51 470s to 510s 616 396 4 TA rating, top decile of AERO sect., spread triple top breakout, pos. wkly mom.

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes

Follow-Up Comments

Comment
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DWA Spotlight Stock

 

NOC Northrop Grumman Systems Corporation R ($492.04) - Aerospace Airline - NOC has a strong 4 TA rating and sits in the top decile of the aerospace airline sector RS matrix. The stock showed notable improvement early this year before consolidating toward the middle of the current trading band since March. The movement this week saw NOC move out of this trading range with a spread triple top break at $496, marking a new all-time high. Weekly momentum also just flipped positive, suggesting the potential for further upside from here. Exposure may be considered from the low $470s to the upper $510s. Our initial stop will be set at $396, which would violate multiple support levels and move the stock into a negative trend. The bullish price objective of $616 will serve as our price target.

 
        21                                                     22                                            
496.00                                                                                                   X   496.00
488.00                                                                         X               X     X   488.00
480.00                                                                         X O             6 O X X 8   480.00
472.00                                                                         X O     X       X O X O X O X   472.00
464.00                                                                         X O     4 O X   X O X O X O X Mid 464.00
456.00                                                                         X O X   X O X O X O X 7 O X   456.00
448.00                                                                         3 O X O X O X O X O X   O X   448.00
440.00                                                                         X O X O X O X O   O     O   440.00
432.00                                                                         X O X O   5                 432.00
424.00                                                                         X O                           424.00
416.00                                                                         X                             416.00
408.00                                             X               X           X                             408.00
400.00                                             X O             X O X   X   X                             400.00
396.00                                         X   X O             X O X O X O X                           Bot 396.00
392.00                                         X O X O             1 O X O X O X                             392.00
388.00                                         X O X O             X O X O X O                               388.00
384.00                                         X O   O             X O X O                                   384.00
380.00                                         X     O         X   X O 2                                     380.00
376.00                         X   X           X     O         X O X O X                                     376.00
372.00                         X O X O 7       X     O         X O X O X                                     372.00
368.00                         X O X O X O X   A     O     X   X O   O                                       368.00
364.00                         X O   6 X O X O X     O B   X O X                                             364.00
360.00                         5     O   O X O X     O X O X O X                                             360.00
356.00                         X         O X 9 X     O X O X O X                                             356.00
352.00                         X         O   O X     O   O X O X                                             352.00
348.00                         X             O           O C                                               348.00
344.00                         X                                                                         344.00
340.00                         X                                                                             340.00
336.00                         X                                                                             336.00
332.00                         X                                                                             332.00
328.00                         4                                                                             328.00
324.00                       X                                                                             324.00
320.00                     X                                                                             320.00
316.00 X   X                 X                                                                             316.00
312.00 X O X O               X                                                                             312.00
308.00 X O X O X     X   X                                                                             308.00
304.00 X O   O X O X X 3 O X                                                                             304.00
300.00       O X O X O X O X O X                                                                             300.00
296.00       C X O 2 O X O X O                                                                               296.00
292.00       1 X O X O O                                                                                 292.00
288.00       O   O X                                                                                       288.00
284.00           O                                                                                           284.00
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