Today's featured stock is Fox Corporation Class A (FOXA).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| OLLI | Ollies Bargain Outlet Holding Inc. | Retailing | $135.24 | 120s | 150 | 102 | 5 for 5'er, top 25% of favored RETA sector matrix, LT pos mkt RS, buy on pullback, Earn. 8/28 |
| DRI | Darden Restaurants, Inc. | Restaurants | $206.92 | hi 190s - mid 210s | 262 | 178 | 5 TA rating, top 50% of REST sector matrix, LT RS buy, consec buy signals, buy-on-pullback |
| DG | Dollar General Corp. | Retailing | $115.79 | 100s to mid 110s | 133 | 86 | 4 TA rating, top 33% of RETA sector matrix, LT peer RS buy, consec buy signals, buy-on-pullback, Earn. 8/28 |
| BSX | Boston Scientific Corporation | Healthcare | $102.50 | 99 - 108 | 133 | 91 | 5 for 5'er, top 25% of HEAL sector matrix, LT pos mkt RS, spread triple top |
| TSCO | Tractor Supply Company | Retailing | $59.73 | upper 50s | 66 | 50 | 3 for 5'er, top half of favored RETA sector matrix, LT pos mkt RS, buy on pullback |
| HLT | Hilton Worldwide Holdings Inc | Leisure | $272.85 | 260s - low 280s | 364 | 216 | 5 TA rating, top 50% of LEIS sector matrix, LT RS buy, LT pos trend, consec buy signals, buy on pullback. |
| RPM | RPM, Inc. | Chemicals | $125.55 | 110 - 120 | 150 | 99 | 5 for 5'er, top half of favored CHEM sector matrix, LT pos mkt RS, bullish catapult, pos trend flip, 1.7% yield |
| VEEV | Veeva Systems Inc. | Healthcare | $279.18 | 274-lo 300s | 348 | 232 | 5 TA rating, top 10% of HEAL sector matrix, recent shakeout, buy-on-pullback, Earn. 8/27 |
| AMZN | Amazon.com Inc. | Retailing | $224.56 | 200s - low 210s | 240 | 178 | 4 for 5'er, top half of favored RETA sector matrix, LT pos peer & mkt RS, buy on pullback |
| SCHW | The Charles Schwab Corporation | Wall Street | $95.59 | lo-hi 90s | 120 | 76 | 5 TA rating, top 20% of WALL sector matrix, LT peer RS buy, consec buy signals, buy-on-pullback |
| WING | Wingstop Inc. | Restaurants | $342.73 | 320s - 340s | 432 | 280 | 5 for 5'er, #3 of 28 in REST sector matrix, LT pos mkt RS, buy on pullback |
| AXP | American Express Company | Finance | $306.87 | 288-lo 310s | 424 | 236 | 5 TA rating, top 20% of FINA sector matrix, LT RS buy, LT pos trend, consec buy signals, buy on pullback |
| PEG | Public Service Enterprise Group Inc. | Utilities/Electricity | $87.67 | mid 80s | 95 | 74 | 3 for 5'er, favored EUTI sector, spread quintuple top, buy on pullback, 2.9% yield |
| ABBV | AbbVie Inc. | Drugs | $201.47 | 190s - low 200s | 226 | 164 | 5 for 5'er, top third of DRUG sector matrix, LT pos peer & mkt RS, spread triple top, 3.3% yield |
| MS | Morgan Stanley | Wall Street | $147.76 | 140s - lo 150s | 186 | 122 | 5 TA rating, top 33% of WALL sector matrix, LT pos mkt RS, consec buy signals, recent breakout |
| PEGA | Pegasystems Inc | Software | $52.89 | low-to-mid 50s | 79 | 42 | 5 for 5'er, top 20% of favored SOFT sector matrix, buy on pullback, R-R>2.0 |
| FOXA | Fox Corporation Class A | Media | $59.12 | hi 50s - lo 60s | 70 | 52 | 5 TA rating, LT pos trend, LT peer RS buy, shakeout completion, pos wkly mom |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
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Follow-Up Comments
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NDW Spotlight Stock
FOXA Fox Corporation Class A ($59.79) R - Media - FOXA has a 5 for 5 TA rating and has been in a positive trend since May 2024. The stock has shown consistent improvement since April, and most recently completed a shakeout pattern with a triple top breakout at $59. Weekly momentum also recently flipped positive, suggesting the potential for further upside from here. The weight of the technical evidence is favorable and continues to improve. Exposure may be considered on this breakout in the upper $50s to low $60s. Our initial stop will be positioned at $52, which would violate multiple support levels. The bullish price objective of $70 will serve as our price target.
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| 59.00 | X | 59.00 | |||||||||||||||||||||||||||
| 58.00 | X | 7 | 8 | X | 58.00 | ||||||||||||||||||||||||
| 57.00 | X | O | 4 | X | O | X | O | X | 57.00 | ||||||||||||||||||||
| 56.00 | X | O | X | O | X | X | O | X | O | X | 56.00 | ||||||||||||||||||
| 55.00 | X | X | 3 | X | O | X | O | X | O | O | X | Mid | 55.00 | ||||||||||||||||
| 54.00 | X | O | X | O | X | O | X | O | X | O | 54.00 | ||||||||||||||||||
| 53.00 | 2 | O | X | O | X | O | X | 6 | 53.00 | ||||||||||||||||||||
| 52.00 | X | O | O | X | O | X | 52.00 | ||||||||||||||||||||||
| 51.00 | 1 | O | O | X | 5 | 51.00 | |||||||||||||||||||||||
| 50.00 | X | O | X | O | X | 50.00 | |||||||||||||||||||||||
| 49.00 | X | O | X | O | X | 49.00 | |||||||||||||||||||||||
| 48.00 | C | O | X | O | X | Bot | 48.00 | ||||||||||||||||||||||
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| 36.00 | 8 | X | O | • | 7 | • | 36.00 | ||||||||||||||||||||||
| 35.00 | 7 | O | 2 | O | 8 | • | 6 | • | 35.00 | ||||||||||||||||||||
| 34.00 | O | X | O | X | 3 | 6 | O | • | X | • | 34.00 | ||||||||||||||||||
| 33.00 | O | X | 9 | 1 | O | X | O | • | • | X | • | 33.00 | |||||||||||||||||
| 32.00 | 6 | O | B | 4 | X | 9 | X | 1 | • | 5 | • | 32.00 | |||||||||||||||||
| 31.00 | O | X | 5 | O | X | O | X | O | X | • | 31.00 | ||||||||||||||||||
| 30.00 | A | X | A | X | O | X | O | X | • | 30.00 | |||||||||||||||||||
| 29.00 | O | B | C | 2 | • | 29.00 | |||||||||||||||||||||||
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