Today's featured stock is Enact Holdings Inc (ACT).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| DRI | Darden Restaurants, Inc. | Restaurants | $207.35 | 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 | $103.17 | 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 | $60.49 | 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 | $267.73 | 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 | $123.20 | 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 | $231.03 | 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 | $96.11 | 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 | $336.84 | 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 | $305.47 | 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 | $85.32 | mid 80s | 95 | 74 | 3 for 5'er, favored EUTI sector, spread quintuple top, buy on pullback, 2.9% yield |
| MS | Morgan Stanley | Wall Street | $144.63 | 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 | $52.66 | 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 | $58.36 | 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 | $181.20 | 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 |
| ACT | Enact Holdings Inc | Finance | $37.44 | mid-to-hi 30s | 48 | 31 | 5 for 5'er, top half of favored FINA sector matrix, spread quad top, 2.2% 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 |
|---|---|---|---|---|---|---|---|
| ABBV | AbbVie Inc. | Drugs | $206.69 | 190s - low 200s | 226 | 164 | ABBV has moved into heavily overbought territory. OK to hold here. Raise stop to $176. |
Follow-Up Comments
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NDW Spotlight Stock
ACT Enact Holdings Inc R ($37.23) - Finance - ACT is a 5 for 5'er that ranks in the top half of the favored finance sector matrix. On its default chart, ACT completed a second consecutive buy signal last week when it broke a spread quadruple top at $38, taking out resistance that had been in place since September of last year. Long exposure may be added in the mid-to-upper $30s and we will set our initial stop at $31, which would take out ACT's April low. We will use the bullish price objective, $48, as our target price. ACT also carries a 2.2% yield.
| 21 | 22 | 23 | 24 | 25 | ||||||||||||||||||||||
| 38.00 | X | 38.00 | ||||||||||||||||||||||||
| 37.00 | X | 5 | X | 8 | 37.00 | |||||||||||||||||||||
| 36.00 | 9 | O | X | O | X | O | X | Mid | 36.00 | |||||||||||||||||
| 35.00 | 8 | X | O | 3 | X | O | X | O | X | 35.00 | ||||||||||||||||
| 34.00 | X | O | X | A | X | O | X | 6 | 7 | 34.00 | ||||||||||||||||
| 33.00 | X | O | X | B | X | O | X | 33.00 | ||||||||||||||||||
| 32.00 | 7 | O | 1 | X | 4 | 32.00 | ||||||||||||||||||||
| 31.00 | X | O | • | Bot | 31.00 | |||||||||||||||||||||
| 30.00 | 3 | • | 30.00 | |||||||||||||||||||||||
| 29.00 | • | X | • | 29.00 | ||||||||||||||||||||||
| 28.00 | X | • | 8 | • | 28.00 | |||||||||||||||||||||
| 27.00 | X | B | O | 7 | • | 27.00 | ||||||||||||||||||||
| 26.00 | • | X | O | X | O | 6 | • | 26.00 | ||||||||||||||||||
| 25.00 | • | X | 6 | • | X | O | A | O | 5 | • | 25.00 | |||||||||||||||
| 24.00 | B | • | • | 4 | O | X | O | 8 | 9 | X | O | 4 | • | 24.00 | ||||||||||||
| 23.00 | A | O | 2 | • | X | O | X | O | X | O | X | 2 | X | • | 23.00 | |||||||||||
| 22.00 | X | O | X | O | X | 5 | O | X | O | • | 3 | X | • | 22.00 | ||||||||||||
| 21.00 | 9 | O | 1 | O | X | • | O | • | • | O | • | 21.00 | ||||||||||||||
| 20.00 | X | C | X | 3 | X | • | • | • | 20.00 | |||||||||||||||||
| 19.50 | X | O | X | O | • | 19.50 | ||||||||||||||||||||
| 19.00 | X | O | • | • | 19.00 | |||||||||||||||||||||
| 21 | 22 | 23 | 24 | 25 |
