Today's feature stock is Alibaba Group Holding Ltd. (BABA).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| AME | Ametek Inc | Electronics | $246.83 | 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 | $35.66 | 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 | $319.24 | 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 | $19.67 | 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 | $42.40 | 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 | $184.05 | 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 | $33.17 | 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 |
| ACT | Enact Holdings Inc | Finance | $45.23 | 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 | $55.20 | 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 | $108.13 | 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 | $221.30 | 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 | $186.32 | hi 170s - 180s | 222 | 156 | 5 for 5'er, top 10% of HOUS sector matrix, multiple buy signals, Earn. 11/5 |
| URBN | Urban Outfitters, Inc. | Retailing | $84.68 | 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. |
| MAR | Marriott International, Inc. | Leisure | $371.82 | 350s - 370s | 472 | 312 | 5 for 5'er, top half of LEIS sector matrix, LT pos peer & mkt RS, triple top, pos trend flip, Earn. 11/2 |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| ADBE | Adobe Systems Incorporated | Software | $240.68 | (230s - 240s) | 192 | 268 | 2 for 5'er, bottom 25% of SOFT sector matrix, LT neg mkt & peer RS, spread triple bottom |
| BABA | Alibaba Group Holding Ltd (China) ADR | Retailing | $111.17 | (100 - mid-110) | 84 | 126 | 2 for 5'er, Bottom third of Retail matrix, Neg. Trend, Mkt. and Peer RS charts near reversal into Os. |
Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| ANET | Arista Networks Inc | Telephone | $195.42 | 190s - mid 210s | 262 | 178 | Sell signal at $186 on 10/15; maintain $178 stop. |
| ABBV | AbbVie Inc. | Drugs | $283.48 | 250s - 260s | 302 | 216 | Rallied into overbought territory, actionable within the $260 - $270 range, raise stop to $240. |
Follow-Up Comments
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NDW Spotlight Stock
BABA Alibaba Group Holding Ltd (China) ADR R ($110.42) - Retailing - BABA is a 2 for 5'er that ranks in the bottom third of the retailing sector matrix and has been on market and peer RS sell signals since June this year. Although the market and peer RS charts sit in Xs, both RS charts sit within one box of reversing down into Os and a potential decrease in attribute rating. On its default chart, BABA moved into a negative trend earlier in March of this year and gave a second consecutive sell signal earlier in October when it broke a double bottom at $106. Short exposure may be added in the $100 to mid-$110 range. The bearish price objective of $84 will serve as the price target, while the buy stop will be set for $126.
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