Today's featured stock is IntercontinentalExchange Inc. (ICE).
ICE IntercontinentalExchange Inc. R ($181.73) - Wall Street - ICE is a 5 for 5'er that ranks in the top half of the favored Wall Street Sector matrix and has been on market and peer RS buy signals since 2013 and 2015, respectively. On its default chart, ICE has given two consecutive buy signals and reached a new all-time high earlier this month. The stock has subsequently pulled back to near the middle of its trading band, offering an entry point for long exposure. Positions may be added in the mid $170s to mid $180s and we will set our initial stop at $152, which would take out two levels of support on ICE's chart. We will use the bullish price objective, $228, as our target price. Long Ideas
Symbol
Company
Sector
Current Price
Action Price
Target
Stop
Notes
DRI
Darden Restaurants, Inc.
Restaurants
$206.06
hi 190s - mid 210s
262
178
5 TA rating, top 50% of REST sector matrix, LT RS buy, consec buy signals, buy-on-pullback
BSX
Boston Scientific Corporation
Healthcare
$104.15
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
$59.69
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
$270.34
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
$124.10
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
AMZN
Amazon.com Inc.
Retailing
$230.98
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
$97.78
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
$325.59
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
$307.73
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
$86.80
mid 80s
95
74
3 for 5'er, favored EUTI sector, spread quintuple top, buy on pullback, 2.9% yield
ABBV
AbbVie Inc.
Drugs
$204.68
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
$148.51
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
$51.92
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
$59.89
hi 50s - lo 60s
70
52
5 TA rating, LT pos trend, LT peer RS buy, shakeout completion, pos wkly mom
ICE
IntercontinentalExchange Inc.
Wall Street
$182.68
mid 170s - mid 180s
228
152
5 for 5'er, top half of favored WALL sector matrix, LT pos peer & mkt RS, buy on pullback
Short Ideas
Symbol
Company
Sector
Current Price
Action Price
Target
Stop
Notes
Removed Ideas
Symbol
Company
Sector
Current Price
Action Price
Target
Stop
Notes
OLLI
Ollies Bargain Outlet Holding Inc.
Retailing
$131.90
120s
150
102
OLLI has fallen to a sell signal. OK to hold here. Raise stop to $110. Earn. 8/28
DG
Dollar General Corp.
Retailing
$114.70
100s to mid 110s
133
86
Removed for earnings. Raise stop to $96. Earn. 8/28
VEEV
Veeva Systems Inc.
Healthcare
$274.98
274-lo 300s
348
232
Removed for earnings. Earn. 8/27
Follow-Up Comments
Comment
NDW Spotlight Stock
24 25 188.00 8 188.00 186.00 X O 186.00 184.00 7 O 184.00 182.00 6 O 182.00 180.00 X Mid 180.00 178.00 X X 178.00 176.00 X X O X 176.00 174.00 3 X O X O X 174.00 172.00 X O X O X O 172.00 170.00 X O X 4 5 170.00 168.00 X O O X Bot 168.00 166.00 X X O X 166.00 164.00 A O X O X 164.00 162.00 9 O 2 O X 162.00 160.00 X O B X O X X 160.00 158.00 X O X O X O X O X 158.00 156.00 X O X O X O X O X 156.00 154.00 8 O C X O X O 154.00 152.00 X O X O X 152.00 150.00 X O X O X 150.00 148.00 X O X O 148.00 146.00 X 1 X 146.00 144.00 X O 144.00 142.00 X 142.00 140.00 3 7 140.00 138.00 X O X 6 • 138.00 136.00 X O X O X • 136.00 134.00 X 4 X O X • 134.00 132.00 X O X O • 132.00 130.00 2 O X • 130.00 128.00 X 5 X • 128.00 126.00 X O • 126.00 124.00 X • 124.00 122.00 X • 122.00 120.00 X • 120.00 118.00 X X • 118.00 116.00 7 X O C • 116.00 114.00 X O X O X • 114.00 112.00 X O X 9 B • 112.00 110.00 5 6 8 X O X • 110.00 108.00 X O X O O X • 108.00 106.00 4 O X A • 106.00 104.00 • X O • 104.00 102.00 • X • 102.00 100.00 X X • 100.00 99.00 X O X • 99.00 98.00 X O X • 98.00 97.00 • O X • 97.00 96.00 O • 96.00 24 25
