Today's featured stock is Ashland Inc. (ASH).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| AME | Ametek Inc | Electronics | $248.52 | 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 | $36.05 | 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 | $319.78 | 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 | $18.98 | 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 | $44.10 | 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 |
| CSTL | Castle Biosciences, Inc. | Biomedics/Genetics | $33.80 | 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 | $45.68 | 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 | $53.68 | 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 | $116.11 | 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 | $217.23 | 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 | $193.68 | 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 | $87.43 | 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. |
| ASH | Ashland Inc. | Chemicals | $71.59 | hi 60s - mid 70s | 86 | 62 | 5 for 5'er, top 10% of CHEM sector matrix, RS buy signal, bearish signal reversal, 2.4% yield, Earn. 11/3 |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| BABA | Alibaba Group Holding Ltd (China) ADR | Retailing | $111.13 | (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 |
|---|---|---|---|---|---|---|---|
| FTNT | Fortinet Inc. | Software | $181.91 | hi 160s - hi 170s | 226 | 142 | FTNT has fallen to a sell signal. OK to hold here. Raise stop to $150. Earn. 10/28 |
| ADBE | Adobe Systems Incorporated | Software | $251.67 | (230s - 240s) | 192 | 268 | ADBE has moved to a buy signal. OK to hold here. Maintain $268 stop. |
| MAR | Marriott International, Inc. | Leisure | $385.71 | 350s - 370s | 472 | 312 | MAR has moved into heavily overbought territory. OK to hold here. Raise stop to $320. Earn. 11/2 |
Follow-Up Comments
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NDW Spotlight Stock
ASH Ashland Inc. R ($71.12) - Chemicals - ASH is a 5 for 5'er that ranks in the top decile of the chemicals sector matrix and recently moved to a market RS buy signal for the first time since 2021. After giving two consecutive sell signals on its default chart, ASH successfully tested its bullish support line and returned to a buy signal earlier this month when it completed a bearish signal reversal at $72. Long exposure may be added in the upper $60s to mid $70s, and we will set our initial stop at $62. We will use the bullish price objective, $86, as our target price. ASH also carries a 2.4% yield and is expected to report earnings on 11/3.
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