Today's featured stock is NVIDIA Corporation (NVDA).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| AME | Ametek Inc | Electronics | $248.62 | mid 230s - mid 250s | 342 | 204 | 4 for 5'er, LT pos mkt RS, bullish catapult, buy on pullback, R-R>2.0, Earn. 10/29 |
| CENTA | Central Garden & Pet Company | Household Goods | $34.74 | 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 | $315.54 | 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 | $18.48 | 17 - 19 | 24 | 15.50 | 5 for 5'er, top 20% of favored TRAN sector matrix, triple top, good R-R, 7.5% yield |
| MTCH | Match Group, Inc. | Leisure | $40.84 | 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, Earn. 11/3 |
| FTNT | Fortinet Inc. | Software | $189.28 | hi 160s - hi 170s | 226 | 142 | 5 for 5'er, top third of favored SOFT sector matrix, LT pos mkt RS, spread quad top, Earn. 10/28 |
| CSTL | Castle Biosciences, Inc. | Biomedics/Genetics | $33.00 | 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, Earn. 11/2 |
| ANET | Arista Networks Inc | Telephone | $215.83 | 190s - mid 210s | 262 | 178 | 5 for 5'er, top quintile of Telephone matrix, pos. trend, matched ATH on 9/25. |
| ABBV | AbbVie Inc. | Drugs | $271.36 | 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, Earn. 10/30 |
| ACT | Enact Holdings Inc | Finance | $45.82 | low-to-mid 40s | 69 | 37 | 5 for 5'er, top 25% of FINA sector matrix, LT pos trend & mkt RS, triple top, heavily oversold |
| LPG | Dorian LPG Limited | Oil Service | $56.21 | 53 - 59 | 69 | 47 | 5 for 5'er since July, top quintile of Oil Svcs. matrix, pos. trend, consolidating below high at $59. |
| TNK | Teekay Tankers, Ltd. | Transports/Non Air | $102.12 | hi 90s - low 100s | 133 | 83 | 5 for 5'er, top 10% of TRAN sector matrix, multiple buy signals, 1% yield. |
| ELF | Elf Beauty Inc | Household Goods | $105.03 | 98 - 110 | 123 | 90 | 5 for 5'er since Aug., ranked 1st in Hous. Goods matrix, pos. trend, Earn. 11/4 |
| NVT | nVent Electric plc | Electronics | $167.82 | 160s | 206 | 142 | 5 for 5'er, top 10% of ELEC sector matrix, LT pos peer & mkt RS, buy on pullback, Earn. 10/30 |
| NVDA | NVIDIA Corporation | Semiconductors | $237.47 | 220 - 240 | 300 | 204 | 4 for 5'er, top third of Semis matrix, pos. ST Mkt and Peer RS, ATH on 10/2. |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| ADBE | Adobe Systems Incorporated | Software | $232.77 | (230s - 240s) | 192 | 268 | 2 for 5'er, bottom 25% of SOFT sector matrix, LT neg mkt & peer RS, spread triple bottom |
Follow-Up Comments
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NDW Spotlight Stock
NVDA NVIDIA Corporation R ($230.33) - Semiconductors - NVDA improved to a 4 for 5’er after seeing the market RS chart return to a column of Xs to kick off October, highlighting positive near-term relative strength against the broader equity space. Along with positive long-term market RS, NVDA maintains positive near-term peer RS and ranks within the top third of the Semiconductors sector matrix. On the trend chart, NVDA has maintained a positive trend since August this year and returned to a buy signal at $236 to kick off October as shares moved to a new chart high at $240. Okay to consider in the $220 to $240. The bullish price objective of $300 will serve as the price target, while the initial stop loss will be set for $204.
| 240.00 | X | 240.00 | |||||||||||||||||||||||||||
| 236.00 | X | A | 236.00 | ||||||||||||||||||||||||||
| 232.00 | X | O | X | X | X | 232.00 | |||||||||||||||||||||||
| 228.00 | X | O | X | O | X | X | O | X | 228.00 | ||||||||||||||||||||
| 224.00 | X | O | 6 | O | X | X | O | X | O | X | 224.00 | ||||||||||||||||||
| 220.00 | X | O | X | O | X | O | X | O | X | O | X | Mid | 220.00 | ||||||||||||||||
| 216.00 | X | X | O | X | O | • | X | O | X | 9 | O | X | 216.00 | ||||||||||||||||
| 212.00 | X | O | X | O | O | X | X | X | • | X | O | X | O | 212.00 | |||||||||||||||
| 208.00 | X | O | X | O | X | O | X | O | X | O | X | O | • | 208.00 | |||||||||||||||
| 204.00 | X | O | X | O | X | O | X | O | X | O | 8 | • | 204.00 | ||||||||||||||||
| 200.00 | X | O | X | O | O | X | X | X | O | X | O | X | • | 200.00 | |||||||||||||||
| 198.00 | X | 5 | X | O | X | O | X | O | X | O | O | X | • | 198.00 | |||||||||||||||
| 196.00 | X | O | O | X | O | X | O | X | O | X | • | 196.00 | |||||||||||||||||
| 194.00 | X | O | X | 7 | O | X | • | O | X | • | 194.00 | ||||||||||||||||||
| 192.00 | X | O | X | O | • | O | • | 192.00 | |||||||||||||||||||||
| 190.00 | X | O | • | • | 190.00 | ||||||||||||||||||||||||
| 188.00 | • | X | • | 188.00 | |||||||||||||||||||||||||
| 186.00 | O | • | X | • | 186.00 | ||||||||||||||||||||||||
| 184.00 | O | • | X | • | 184.00 | ||||||||||||||||||||||||
| 182.00 | O | X | • | 182.00 | |||||||||||||||||||||||||
| 180.00 | O | X | X | • | 180.00 | ||||||||||||||||||||||||
| 178.00 | O | X | O | X | • | Bot | 178.00 | ||||||||||||||||||||||
| 176.00 | O | X | O | 4 | • | 176.00 | |||||||||||||||||||||||
| 174.00 | O | X | O | X | • | 174.00 | |||||||||||||||||||||||
| 172.00 | O | O | X | • | 172.00 | ||||||||||||||||||||||||
| 170.00 | O | X | • | 170.00 | |||||||||||||||||||||||||
| 168.00 | O | X | • | 168.00 | |||||||||||||||||||||||||
| 166.00 | O | • | 166.00 |
