Daily Equity Roster
Published: September 23, 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 Regions Financial Corporation (RF).

 

Long Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
GPK Graphic Packaging Intl. Forest Prods/Paper $20.80 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 $19.66 17-20 22 15 5 TA rating, top decile BIOM sect., cons. buy signals, pos. monthly mom.
ABBV AbbVie Inc. Drugs $143.01 low 150s - low 160s 192 134 5 for 5'er, top 20% of DRUG sector matrix, 3.7% yield
UNH UnitedHealth Group Incorporated Healthcare $517.46 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 $282.90 260s - low 280s 356 224 4 for 5'er, #3 of 67 in INSU sector matrix, new ATH, 1.6% yield
TMUS T-Mobile US Inc. Telephone $135.05 mid 130s - mid 140s 172 120 5 for 5'er, #5 of 3 in TELE sector matrix. LT pos mkt RS, triple top breakout
MCD McDonald's Corporation Restaurants $247.94 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
NOC Northrop Grumman Systems Corporation Aerospace Airline $496.46 470s to 510s 616 396 4 TA rating, top decile of AERO sect., spread triple top breakout, pos. wkly mom.
SBCF Seacoast Banking Corporation of Florida Banks $31.85 mid 30s 47 29 5 for 5'er, 15 of 122 in favored BANK sector matrix, bearish signal reversal,1.9% yield
PEP PepsiCo, Inc. Food Beverages/Soap $168.60 170s - low 180s 230 152 4 for 5'er, top quartile of favored FOOD sector matrix, spread quintuple top, pos mon mom flip, R-R>2.0, 2.6% yield
CUBE CubeSmart Real Estate $41.12 low-high 40s 72 38 4 TA rating, top half RETA sect. matrix, buy-on-pullback, 3.55% yield, R-R > 2.5.
TPR Tapestry Inc. Textiles/Apparel $30.95 lo-mid 30s 46 26 5 TA rating, cons. buys, LT RS buy, buy-on-pullback, 3.44% yield.
SLGN Silgan HLDG Inc Household Goods $43.30 mid-to-hi 40s 64 38 4 for 5'er, top quintile of HOUSE sector matrix, bearish signal reversal, R-R>2.5, 1.4% yield
HSY The Hershey Company Food Beverages/Soap $225.52 220s - 230s 292 190 4 for 5'er, top 10% of favored FOOD sector matrix, shakeout/triple top breakout, good R-R, 1.85% yield
EVH Evolent Health Software $35.85 hi 30s - low 40s 45 32 5 for 5'er, 17 of 141 in SOFT sector matrix, LT pos trend & mkt RS, bullish catapult
TCOM Trip.com Group Ltd. Leisure $25.60 mid-hi 20s 37.50 20 4 TA rating, top quintile of LEIS sector, consec. buy signals, buy-on-pullback.
WCN Waste Connections, Inc. Waste Management $141.06 low-to-mid $140s 206 118 5 for 5'er, #4 of 18 in WAST sector matrix, triple top breakout, R-R>2.0
ADP Automatic Data Processing, Inc. Business Products $230.47 lo 220s - hi 240s 368 192 5 TA rating, tp third BUSI sector, LT pos. trend, buy-on-pullback, R-R > 3.
RF Regions Financial Corporation Banks $21.31 low 20s 32.50 17.50 4 for 5'er, top quartile of favored BANK sector matrix, one box from RS buy signal, R-R>3.0, 3.6% yield

Short Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes

Removed Ideas

Symbol Company Sector Current Price Action Price Target Stop Notes
ABC AmerisourceBergen Corporation Drugs $140.01 mid 140s - mid 150s 172 126 ABC has fallen to a sell signal. OK to hold here. Maintain $126 stop.
GD General Dynamics Corporation Aerospace Airline $228.09 mid 220s -low 240s 320 204 GD has fallen to a sell signal. OK to hold here. Maintain $204 stop.
ALB Albemarle Corp Chemicals $272.15 hi 280s - low 300s 424 248 ALB has fallen to a sell signal OK to hold here. Maintain $248 stop.

Follow-Up Comments

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DWA Spotlight Stock

 

RF Regions Financial Corporation R ($20.88) - Banks - RF is a 4 for 5'er that ranks 21st out of 122 names in the favored banks sector matrix. RF sits one box away from giving a market RS buy signal, which would elevate to 1 5 for 5'er. On its default chart, RF gave two consecutive sell signals between April and June before finding support at $18.50 for the second time before rallying to a buy signal in August. Long exposure may be added in the low $20s and we will set our initial stop at $17.50, the potential trend line violation on RF's default chart. We will use the bullish price objective, $32.50, as our target price, giving a reward-to-risk ratio north of 3.0. RF also carries a 3.6% yield.

 
      17       18                   19                 20                 21                   22                
25.00                                                                                         X   2           25.00
24.00                                                                                     X   1 O X O       Top 24.00
23.00                                                                             5       X O X O X O     X   23.00
22.00                                                                         X   X O     A O X O   O X   8   22.00
21.00                                                                       X O X O X   X C       4 X O X Mid 21.00
20.00                 X                                                 X O X 6 8 O X         O X O 7   20.00
19.50             X   X O 5 X                                             X 4   O X O X         5   6 X   19.50
19.00             X O X O X O 8 O                                           X     7 X 9               O X   19.00
18.50             X O X 3 X O X O                                       X   2     O                   O     18.50
18.00             1 2   O   O X A                                     X O X                             Bot 18.00
17.50             X         7   O B                 C                 X O X                             17.50
17.00             C             O X O               B O               X O                               17.00
16.50             X             O X O X       X   X O               1                                 16.50
16.00     3       B             O X O 2 O     X X O X 1               X                                 16.00
15.50     X O     A             O   C X O X   7 O X O X O               X                                 15.50
15.00     2 O 8   X                 O X 3 4 O X O 9 A   2               X                                 15.00
14.50     X O 5 O X                 O X O X O X 8 X   O             B                                 14.50
14.00     C O X O X                 O 1 O X 5 O X   O             X X                                 14.00
13.50     X 4 X 9                   O X O   O     O             X O X                                 13.50
13.00     X O                       O X             3             X O X                                 13.00
12.50     X                         O                 O             6 O A                                 12.50
12.00     X                                         O             X O X                                 12.00
11.50     X                                           O             X O 8                                 11.50
11.00     B                                           O     X   X   X O X                                 11.00
10.50     A                                           O     X O X O X 7 X                                 10.50
10.00 6   X                                           O X   X O X O X O                                   10.00
9.50 X O 8                                           O X O X O X 5 X                                     9.50
9.00 4 O X                                           O X O X O   O X                                     9.00
8.50 3 O X                                           O X 4 X     O                                       8.50
8.00 X O                                             O X O                                               8.00
7.50 X                                               O X                                                   7.50
7.00                                                 O                                                     7.00
      17       18                   19                 20                 21                   22                

 

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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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