Today's featured stock is Urban Outfitters (URBN).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| AME | Ametek Inc | Electronics | $249.89 | 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 | $35.31 | 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 | $319.02 | 310s - 320s | 356 | 288 | 5 for 5'er, #3 of 22 in WAST sector matrix, LT pos peer & mkt RS, Earn. 10/28 |
| ASC | Ardmore Shipping Corporation | Transports/Non Air | $19.82 | 17 - 19 | 24 | 15.50 | 5 for 5'er, top 20% of favored TRAN sector matrix, triple top, good R-R, 7.5% yield, Earn. 11/4 |
| MTCH | Match Group, Inc. | Leisure | $41.52 | 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 | $192.94 | 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 | $32.82 | 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 | $210.88 | 190s - mid 210s | 262 | 178 | 5 for 5'er, top quintile of Telephone matrix, pos. trend, matched ATH on 9/25. Earn. 11/3 |
| ABBV | AbbVie Inc. | Drugs | $281.12 | 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 | $44.91 | 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, Earn. 11/4 |
| LPG | Dorian LPG Limited | Oil Service | $58.24 | 53 - 59 | 69 | 47 | 5 for 5'er since July, top quintile of Oil Svcs. matrix, pos. trend, consolidating below high at $59, Earn. 11/5 |
| ELF | Elf Beauty Inc | Household Goods | $109.94 | 98 - 110 | 123 | 90 | 5 for 5'er since Aug., ranked 1st in Hous. Goods matrix, pos. trend, Earn. 11/4 |
| NVDA | NVIDIA Corporation | Semiconductors | $226.32 | 220 - 240 | 300 | 204 | 4 for 5'er, top third of Semis matrix, pos. ST Mkt and Peer RS, ATH on 10/2. |
| SN | SharkNinja, Inc. | Household Goods | $189.98 | hi 170s - 180s | 222 | 156 | 5 for 5'er, top 10% of HOUS sector matrix, multiple buy signals, Earn. 11/5 |
| PTGX | Protagonist Therapeutics Inc | Biomedics/Genetics | $144.92 | 140s | 182 | 118 | 5 for 5'er, top 20% of BIOM sector matrix, LT pos peer & mkt RS, spread quad top, Earn. 11/5 |
| URBN | Urban Outfitters, Inc. | Retailing | $82.69 | 79 - 85 | 99 | 71 | 4 for 5'er w/recent pos. trend change, Pos. LT Mkt. and Peer RS, Top quartile of Retail matrix, Matched ATH on 10/13. |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| ADBE | Adobe Systems Incorporated | Software | $238.14 | (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 |
|---|---|---|---|---|---|---|---|
| NVT | nVent Electric plc | Electronics | $162.78 | 160s | 206 | 142 | Sell signal at $160 on 10/13; maintain $142 stop. |
Follow-Up Comments
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NDW Spotlight Stock
URBN Urban Outfitters, Inc. R ($84.17) - Retailing - URBN recently increased to a 4 for 5’er after seeing the trend flip back to positive on the point and figure trend chart. Along with positive long-term market and peer relative strength, URBN maintains positive near-term peer RS and ranks within the top quartile of the Retailing sector matrix. After returning to a buy signal and flipping the trend positive to kick off October, the stock gave a second buy signal by breaking at spread triple top at $83 as shares advanced to $84, one box from the all-time chart high. This week’s trading has seen weekly momentum flip back positive, offering an opportune entry and showing the potential for higher prices in the near term. Okay to consider in the $79 to $85 range. The bullish price objective of $99 will serve as the price target, while the initial stop loss will be set for $71.
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