Today's featured stock is CG Oncology, Inc (CGON).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| ABBV | AbbVie Inc. | Drugs | $232.35 | 210s - low 230s | 284 | 188 | 5 for 5'er, favored DRUG sector, LT pos peer & mkt RS, breakout from consec sell signals, 2.9% yield |
| AB | AllianceBernstein Holding LP | Wall Street | $38.54 | low 40s | 64 | 32 | 3 TA rating, LT mkt RS buy, LT pos trend, top 50% of WALL sector matrix, consec buy signals, buy-on-pullback, yield > 8% |
| PKG | Packaging Corp of America | Forest Prods/Paper | $226.22 | hi 200s - mid 230s | 358 | 184 | 4 TA rating, top 20% of FORE sector RS matrix, LT RS buy, buy-on-pullback |
| ZWS | Zurn Elkay Water Solutions Corp. | Machinery and Tools | $48.44 | hi 40s - lo 50s | 95 | 42 | 5 TA rating, LT pos trend, LT mkt RS buy, consec buy signals, buy-on-pullback |
| CACI | CACI International Inc. | Computers | $612.52 | 570s - 600s | 672 | 528 | 5 for 5'er, top 25% of COMP sector matrix, LT pos mkt RS, triple top breakout |
| CAKE | The Cheesecake Factory Incorporated | Restaurants | $62.99 | low-to-mid 60s | 96 | 52 | 5 for 5'er, top 20% of REST sector matrix, LT pos mkt RS, multiple buy signals, R-R>2.5, 1.8% yield |
| WBS | Webster Financial Corporation | Banks | $69.08 | hi 60s - low 70s | 91 | 58 | 4 for 5'er, top 25% of BANK sector matrix, one box from peer RS buy, buy on pullback, 2.2% yield |
| MCK | McKesson Corporation | Drugs | $931.35 | 396-hi 470s | 1304 | 752 | 5 TA rating, top 33% of DRUG sector matrix, LT RS buy, consec buy signals, buy-on-pullback |
| CGON | CG Oncology, Inc. | Biomedics/Genetics | $60.30 | hi 50s - low 60s | 80 | 50 | 5 for 5'er, 18 of 162 in BIOM sector matrix, bullish catapult, good R-R, Earn. 3/26 |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| CPRT | Copart Incorporated | Autos and Parts | $38.02 | hi 30s | 28 | 42 | 1 TA rating, bottom 50% of AUTO sector matrix, NT and mkt RS sell last month, consec sell signals |
Follow-Up Comments
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NDW Spotlight Stock
CGON CG Oncology, Inc. R ($62.04) - Biomedics/Genetics - CGON is a 5 for 5'er that ranks 18th of 162 names in the biomedics/genetics sector matrix. After giving two consecutive sell signals, CGON rallied, returning to a buy signal with a triple top break at $56 last month. In this week's trading, the stock gave a second consecutive buy signal when it completed a bullish catapult at $60. Long exposure may be added in the upper $50s to low $60s and we will set our initial stop at $50, which would violate CGON's bullish support line. We will use the bullish price objective, $80, as our target price. CGON is expected to report earnings on 3/26.
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| 55.00 | X | O | X | O | X | O | X | 2 | X | 55.00 | |||||||||||||||||||
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| 36.00 | O | • | Bot | 36.00 | |||||||||||||||||||||||||
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