Today's featured stock is Fortinet Inc. (FTNT).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| FR | First Industrial Realty Trust | Real Estate | $61.80 | mid-to-hi 60s | 86 | 59 | 4 for 5'er, top 25% of REAL sector matrix, LT pos peer RS, spread sextuple top, R-R>2.0, 2.9% yield |
| GHRS | GH Research Plc | Biomedics/Genetics | $28.26 | 28 - 33 | 46.50 | 24 | 5 for 5'er, LT Mkt. since Feb. '25, top quintile of Bio. matrix, matched chart high on 8/7. |
| AME | Ametek Inc | Electronics | $237.64 | mid 230s - mid 250s | 342 | 204 | 4 for 5'er, LT pos mkt RS, bullish catapult, buy on pullback, R-R>2.0 |
| WELL | Welltower Inc. | Real Estate | $228.87 | low 230s to low 250s | 366 | 194 | 5 for 5'er since Feb. '24, top quintile of Real Est. matrix, Pos. trend since Feb. '24, buy on pullback. |
| CENTA | Central Garden & Pet Company | Household Goods | $34.56 | mid-to-hi 30s | 48 | 31 | 4 for 5'er, favored HOUS sector, LT pos peer RS, spread quad top, buy on pullback |
| CLH | Clean Harbors Inc | Waste Management | $315.80 | 310s - 320s | 356 | 288 | 5 for 5'er, #3 of 22 in WAST sector matrix, LT pos peer & mkt RS |
| AU | AngloGold Ashanti Limited (South Africa) ADR | Precious Metals | $103.29 | 100s - low 110s | 144 | 92 | 4 for 5'er, top 20% of favored PREC sector matrix, LT pos peer RS, one box from mkt RS, R-R~2.0, 4.1% yield |
| ASC | Ardmore Shipping Corporation | Transports/Non Air | $19.05 | 17 - 19 | 24 | 15.50 | 5 for 5'er, top 20% of favored TRAN sector matrix, triple top, good R-R, 7.5% yield |
| OSCR | Oscar Health, Inc. Class A | Insurance | $32.13 | 31 - 36 | 48 | 25 | 5 for 5'er, top quintile of Biotech matrix, Pos. S-T Mkt. RS on 9/8, Multi-year high on 9/11. |
| ASX | ASE Industrial Holding Co., Ltd. Sponsored ADR | Semiconductors | $41.63 | hi 30s | 52 | 31 | 5 for 5'er, top 10% of SEMI sector matrix, LT pos peer & mkt RS, triple top, R-R~2.0 |
| NET | Cloudflare Inc Class A | Internet | $323.60 | 308 - 336 | 408 | 268 | 5 for 5'er, ranks 2nd in Internet sector matrix, pos. trend on 9/9, ATH on 9/17. |
| MTCH | Match Group, Inc. | Leisure | $43.18 | low-to-mid 40s | 55 | 36 | 4 for 5'er, top 20% of LEIS sector matrix, one box from RS buy, triple top, 1.8% yield |
| FTNT | Fortinet Inc. | Software | $169.84 | hi 160s - hi 170s | 226 | 142 | 5 for 5'er, top third of favored SOFT sector matrix, LT pos mkt RS, spread quad top |
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
FTNT Fortinet Inc. R ($174.61) - Software - FTNT is a 5 for 5'er that ranks in the top third of favored software sector matrix and has been on a market RS buy signal since 2023. In last week's trading, FTNT gave a second consecutive buy signal and reached a new all-time high when it broke a spread quadruple top at $174. The stock subsequently pulled back to $168, before reversing up into Xs in Monday's trading. Long exposure may be added in the upper $160s to upper $170s and we will set our initial stop at $142, which would take out multiple levels of support on FTNT's default chart. We will use the bullish price objective, $226, as our target price.
| 176.00 | X | 176.00 | |||||||||||||||||||||||||||
| 174.00 | X | O | 174.00 | ||||||||||||||||||||||||||
| 172.00 | X | X | X | X | O | 172.00 | |||||||||||||||||||||||
| 170.00 | X | X | O | X | O | X | O | X | O | 170.00 | |||||||||||||||||||
| 168.00 | X | O | X | X | O | X | O | X | O | X | O | 168.00 | |||||||||||||||||
| 166.00 | X | O | X | O | X | O | X | X | O | X | 9 | X | 166.00 | ||||||||||||||||
| 164.00 | X | X | O | X | O | X | O | X | O | X | O | O | X | 164.00 | |||||||||||||||
| 162.00 | X | X | O | X | O | X | O | X | O | X | O | X | O | X | Mid | 162.00 | |||||||||||||
| 160.00 | X | O | X | O | X | O | X | O | 8 | O | O | X | O | X | 160.00 | ||||||||||||||
| 158.00 | X | 7 | O | X | O | X | O | X | O | X | O | X | O | X | X | 158.00 | |||||||||||||
| 156.00 | X | O | X | O | X | O | O | X | O | X | O | X | O | X | O | X | 156.00 | ||||||||||||
| 154.00 | X | O | X | O | O | X | O | O | X | O | X | O | X | 154.00 | |||||||||||||||
| 152.00 | X | O | O | X | O | X | O | O | 152.00 | ||||||||||||||||||||
| 150.00 | X | X | O | X | O | 150.00 | |||||||||||||||||||||||
| 148.00 | X | O | X | X | O | X | 148.00 | ||||||||||||||||||||||
| 146.00 | X | O | X | O | X | O | X | 146.00 | |||||||||||||||||||||
| 144.00 | X | O | X | O | X | O | 144.00 | ||||||||||||||||||||||
| 142.00 | X | O | X | O | X | 142.00 | |||||||||||||||||||||||
| 140.00 | 6 | O | X | O | 140.00 | ||||||||||||||||||||||||
| 138.00 | X | O | X | 138.00 | |||||||||||||||||||||||||
| 136.00 | X | O | X | 136.00 | |||||||||||||||||||||||||
| 134.00 | X | O | 134.00 | ||||||||||||||||||||||||||
| 132.00 | X | 132.00 | |||||||||||||||||||||||||||
| 130.00 | X | 130.00 |
