Today's featured stock is Castle Biosciences, Inc (CSTL).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| FR | First Industrial Realty Trust | Real Estate | $61.89 | 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 |
| AME | Ametek Inc | Electronics | $245.41 | 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 | $230.39 | 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 | $34.72 | 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 | $312.85 | 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 | $104.60 | 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 | $17.77 | 17 - 19 | 24 | 15.50 | 5 for 5'er, top 20% of favored TRAN sector matrix, triple top, good R-R, 7.5% yield |
| ASX | ASE Industrial Holding Co., Ltd. Sponsored ADR | Semiconductors | $45.20 | 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 | $353.00 | 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 | $41.68 | 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 | $174.26 | hi 160s - hi 170s | 226 | 142 | 5 for 5'er, top third of favored SOFT sector matrix, LT pos mkt RS, spread quad top |
| CSTL | Castle Biosciences, Inc. | Biomedics/Genetics | $34.84 | 32 - 35 | 63.50 | 28 | 4 for 5'er, top 10% of favored BIOM sector matrix, multiple buy signals, pos trend flip, R-R~4.0 |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
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Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| GHRS | GH Research Plc | Biomedics/Genetics | $27.95 | 28 - 33 | 46.50 | 24 | GHRS has fallen to a sell signal. OK to hold here. Maintain $24 stop. |
| MBX | MBX Biosciences, Inc. | Biomedics/Genetics | $62.01 | hi 50s - low 60s | 78 | 52 | MBX has fallen to a sell signal. OK to hold here. Maintain $52 stop. |
Follow-Up Comments
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NDW Spotlight Stock
CSTL Castle Biosciences, Inc. R ($34.48) - Biomedics/Genetics - CSTL is a 4 for 5'er that ranks in the top decile of the favored biomedics/genetics sector matrix. In last week's trading, the stock completed a third consecutive buy signal and returned to a positive trend when it broke a double top at $36. Long exposure may be added in the $32 - $35 range and we will set our initial stop at $28, which would take out two levels of support on CSTL's default chart. We will use the bullish price objective, $63.50, as our target price, giving us a reward-to-risk ratio of around 4.0.
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