Today's featured stock is AbbVie Inc. (ABBV).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| AME | Ametek Inc | Electronics | $250.78 | 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 | $232.90 | 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 | $33.96 | 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 | $311.68 | 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 | $18.44 | 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 | $45.31 | 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 | $40.11 | 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 | $175.96 | 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 | $34.88 | 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 | $177.81 | 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 | $202.86 | 190s - mid 210s | 262 | 178 | 5 for 5'er, top quintile of Telephone matrix, pos. trend, matched ATH on 9/25. |
| AVT | Avnet Inc | Electronics | $102.49 | hi 90s - low 100s | 125 | 85 | 4 for 5'er, top 10% of Elec. matrix, pos. trend, pos. LT Mkt RS, ATH 9/25. |
| ABBV | AbbVie Inc. | Drugs | $263.29 | 250s - 260s | 302 | 216 | 5 for 5'er, top third of favored DRUG sector matrix, LT pos peer & mkt RS, triple top, 2.6% yield |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| ADBE | Adobe Systems Incorporated | Software | $233.17 | (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 |
|---|---|---|---|---|---|---|---|
| FR | First Industrial Realty Trust | Real Estate | $61.15 | mid-to-hi 60s | 86 | 59 | FR has fallen to a sell signal. OK to hold here. Maintain $59 stop. |
Follow-Up Comments
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NDW Spotlight Stock
ABBV AbbVie Inc. R ($264.30) - Drugs - ABBV is a 5 for 5'er that ranks in the top third of the favored drugs sector matrix and has been on peer & market RS buy signals since 2020 and 2022 respectively. On its default chart, ABBV has completed four consecutive buy signals, most recently breaking a triple top at $268 last week. Long exposure may be added in the $250s to $260s and we will set our initial stop at $216, which would violate ABBV's bullish support line. We will use the bullish price objective, $302, as our target price. ABBV also carries a 2.6% yield. Earnings are expected on 10/29.
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| 268.00 | X | 268.00 | |||||||||||||||||||||||||||
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| 256.00 | 7 | O | X | O | X | O | X | Mid | 256.00 | ||||||||||||||||||||
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| 236.00 | A | O | X | X | 3 | • | X | 236.00 | |||||||||||||||||||||
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| 224.00 | X | O | X | C | X | O | X | O | X | O | 6 | O | X | Bot | 224.00 | ||||||||||||||
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| 216.00 | 9 | O | X | O | X | O | X | O | X | O | 5 | O | • | 216.00 | |||||||||||||||
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