Today's featured stock is Adobe Systems Incorporated (ADBE).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| FR | First Industrial Realty Trust | Real Estate | $61.17 | 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 | $250.74 | 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 | $231.37 | 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 | $34.07 | 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 | $313.04 | 310s - 320s | 356 | 288 | 5 for 5'er, #3 of 22 in WAST sector matrix, LT pos peer & mkt RS |
| ASC | Ardmore Shipping Corporation | Transports/Non Air | $17.85 | 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 | $44.31 | 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 |
| MTCH | Match Group, Inc. | Leisure | $40.56 | 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 | $173.46 | 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 | $35.81 | 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 |
| GH | Guardant Health, Inc. | Biomedics/Genetics | $177.25 | low 170s to mid 180s | 236 | 140 | 5 for 5'er since May '26, top quintile of Biomedics matrix, pos. trend, ATH on 9/17. |
| ANET | Arista Networks Inc | Telephone | $206.55 | 190s - mid 210s | 262 | 178 | 5 for 5'er, top quintile of Telephone matrix, pos. trend, matched ATH on 9/25. |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| ADBE | Adobe Systems Incorporated | Software | $235.47 | (230s - 240s) | 192 | 268 | 2 for 5'er, bottom 25% of SOFT sector matrix, LT neg mkt & peer RS, spread triple bottom |
Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| NET | Cloudflare Inc Class A | Internet | $349.02 | 308 - 336 | 408 | 268 | NET has fallen to a sell signal. OK to hold here. Raise stop to $300. |
Follow-Up Comments
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NDW Spotlight Stock
ADBE Adobe Systems Incorporated R ($230.99) - Software - ADBE is a 2 for 5'er that ranks in the bottom quartile of the software sector matrix and has been on market and peer RS sell signals since 2021 and 2024, respectively. On its default chart, ADBE fell to a negative trend earlier this month and gave a second consecutive sell signal last week when it broke a spread triple bottom at $240. Short exposure may be added in the $230s to $240s and we will set our initial stop at $268. We will use the bearish price objective, $192, as our target price.
| 292.00 | X | X | • | 292.00 | |||||||||||||||||||||||||
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| 272.00 | X | • | X | X | X | O | 272.00 | ||||||||||||||||||||||
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| 198.00 | O | O | X | O | X | • | 198.00 | ||||||||||||||||||||||
| 196.00 | O | X | O | X | • | Bot | 196.00 | ||||||||||||||||||||||
| 194.00 | O | X | O | X | • | 194.00 | |||||||||||||||||||||||
| 192.00 | O | O | • | 192.00 |
