Today's featured stock is Ameris Bancorp (ABCB).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| CMC | Commercial Metals Corporation | Steel/Iron | $62.63 | hi 50s - low 60s | 79 | 49 | 4 for 5'er, favored STEE sector matrix, LT pos peer & mkt RS, pos trend flip, 1.2% yield |
| AIT | Applied Industrial Technologies, Inc. | Machinery and Tools | $255.78 | mid 240s - ow 260s | 316 | 208 | 5 for 5'er, top half of favored MACH sector matrix, LT pos peer & mkt RS, pos trend flip |
| UBS | UBS AG (Switzerland) ADR | Banks | $37.59 | mid-hi 30s | 65 | 30 | 5 TA rating, top 20% of BANK sector RS matrix, LT RS buy, LT pos trend, buy-on-pullback, R-R > 3, yield > 2% |
| BAC | Bank of America | Banks | $52.48 | 49 - 54 | 67 | 44 | 4 for 5'er, top 25% of favored BANK sector matrix, LT pos peer RS, bullish catapult, 2.1% yield |
| SHEL | Shell PLC Sponsored ADR | Oil | $72.80 | 72 - hi 70s | 87 | 65 | 4 TA rating, top 25% of OIL sector, LT RS buy, consec buy signals, yield > 3% |
| CME | CME Group, Inc. | Wall Street | $276.98 | 260s - 270s | 312 | 224 | 4 for 5'er, middle of WALL sector matrix, triple top breakout, 1.8% yield |
| AFL | AFLAC Incorporated | Insurance | $111.63 | 108 - 115 | 143 | 95 | 4 for 5'er, top half of INSU sector matrix, LT pos peer & mkt RS, spread triple top, 2% yield |
| GFI | Gold Fields Limited (South Africa) ADR | Precious Metals | $40.71 | 40 - 44 | 58 | 35 | 4 for 5'er, top third of PREC sector matrix, LT pos peer & mkt RS, good R-R, 1.8% yield |
| GVA | Granite Construction Inc | Building | $105.61 | hi 90s - mid 100s | 157 | 87 | 5 for 5'er, top third of BUIL sector matrix, buy on pullback, R-R>3.0 |
| GLDD | Great Lakes Dredge & Dock Corporation | Building | $12.35 | 11.50 - 12.50 | 17 | 10 | 5 for 5'er, top third of BUIL sector matrix, LT pos peer & mkt RS, spread quad top, R-R>2.0 |
| AMG | Affiliated Managers Group | Wall Street | $266.11 | hi 230s - lo 260s | 298 | 198 | 5 TA rating, top of WALL sector matrix, consec buy signals, pos wkly mom, buy-on-pullback |
| SGI | Somnigroup International Inc | Household Goods | $89.26 | 80s | 125 | 69 | 5 for 5'er, top 10% of HOUS sector matrix, LT pos peer & mkt RS, buy on pullback, good R-R |
| CINF | Cincinnati Financial Corporation | Insurance | $168.38 | mid 150s - hi 160s | 206 | 134 | 4 TA rating, top 33% of INSU sector matrix, LT mkt RS buy, yield > 2%, pos momentum, buy-on-pullback |
| LAMR | Lamar Advertising Company | Media | $132.54 | 120s - low 130s | 158 | 110 | 4 for 5'er, top half of MEDI sector matrix, LT pos peer & mkt RS, spread triple top 4.8% yield |
| HSBC | HSBC Holding PLC (United Kingdom) ADR | Banks | $69.51 | mid-to-hi 60s | 86 | 54 | 5 for 5'er, top 10% of BANK sector matrix, LT pos peer & mkt RS, buy on pullback, 3% yield |
| LOGI | Logitech International S.A. | Computers | $112.42 | mid 100s - hi 110s | 167 | 87 | 5 TA rating, top 25% of COMP sector RS matrix, consec buy signals, R-R > 2, buy-on-pullback |
| ABCB | Ameris Bancorp | Banks | $76.26 | 70s | 92 | 77 | 5 for 5'er, top 25% of BANK sector matrix, LT pos peer RS, spread quintuple top, 1.1% 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 |
|---|---|---|---|---|---|---|---|
| FTI | TechnipFMC PLC | Oil Service | $45.03 | hi 30s - mid 40s | 60 | 34 | FI has moved into heavily overbought territory. OK to hold here. Maintain $34 stop. |
Follow-Up Comments
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NDW Spotlight Stock
ABCB Ameris Bancorp R ($76.39) - Banks - ABCB is a 5 for 5'er that ranks in the top quintile of the favored banks sector matrix and has been on a peer RS buy signal since 2010. In Tuesday's trading, the stock returned to a buy signal when it broke a spread quintuple top at $77, taking out resistance that had been in place September. Long exposure may be added in the $70s and we will set our initial stop at $64, which would take out multiple levels of support on ABCB's chart. We will use the bullish price objective, $92, as our target price. ABCB also carries a 1.1% yield.
| 77.00 | X | 77.00 | |||||||||||||||||||||||||||
| 76.00 | X | A | X | X | X | 76.00 | |||||||||||||||||||||||
| 75.00 | 9 | O | X | O | X | O | X | X | O | X | 75.00 | ||||||||||||||||||
| 74.00 | X | O | X | O | X | O | X | O | B | O | X | 74.00 | |||||||||||||||||
| 73.00 | X | O | O | X | O | X | O | X | O | X | Mid | 73.00 | |||||||||||||||||
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| 63.00 | O | X | • | 6 | • | X | • | Bot | 63.00 | ||||||||||||||||||||
| 62.00 | 3 | X | O | X | O | X | • | 62.00 | |||||||||||||||||||||
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| 50.00 | O | X | O | • | O | • | 50.00 | ||||||||||||||||||||||
| 49.00 | O | • | • | • | 49.00 |
