Today's featured stock is Rubrik (RBRK).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| CENTA | Central Garden & Pet Company | Household Goods | $36.84 | mid-to-hi 30s | 48 | 31 | 4 for 5'er, favored HOUS sector, LT pos peer RS, spread quad top, buy on pullback |
| ASC | Ardmore Shipping Corporation | Transports/Non Air | $19.62 | 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 |
| CSTL | Castle Biosciences, Inc. | Biomedics/Genetics | $34.37 | 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. 11/5 |
| ACT | Enact Holdings Inc | Finance | $45.64 | 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 |
| ELF | Elf Beauty Inc | Household Goods | $113.78 | 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 | $221.97 | 220 - 240 | 300 | 204 | 4 for 5'er, top third of Semis matrix, pos. ST Mkt and Peer RS, ATH on 10/2, Earn. 11/17 |
| SN | SharkNinja, Inc. | Household Goods | $197.58 | hi 170s - 180s | 222 | 156 | 5 for 5'er, top 10% of HOUS sector matrix, multiple buy signals, Earn. 11/4 |
| URBN | Urban Outfitters, Inc. | Retailing | $86.96 | 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 | $72.14 | 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 |
| SWK | Stanley Black & Decker, Inc. | Machinery and Tools | $95.44 | hi 80s - mid 90s | 111 | 75 | 4 for 5'er., top 20% of MACH sector matrix, quad top, 3.6% yield Earn. 11/4 |
| WDAY | Workday Inc. | Software | $202.96 | low 190s to hi 200s | 230 | 178 | 4 for 5'er, Top half of SOFT sector matrix, Pos. LT Mkt. RS, Pos. Trend. |
| BBY | Best Buy Co., Inc. | Retailing | $94.12 | low-to-mid $90s | 119 | 76 | 4 for 5'er, top 20% of RETA sector matrix, one box from market RS buy signal, 4.2% yield |
| RBRK | Rubrik, Inc. Class A | Software | $120.38 | lo 110 - mid 120 | 144 | 104 | 5 for 5'er, Top decile of Software matrix, Pos. LT Mkt. and Peer RS, Pos. trend. |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| BABA | Alibaba Group Holding Ltd (China) ADR | Retailing | $104.41 | (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. |
Follow-Up Comments
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NDW Spotlight Stock
RBRK Rubrik, Inc. Class A R ($120.17) - Software - RBRK has been a 5 for 5’er in technical attribute rating since August after picking up four attributes during the month. The stock currently ranks within the top decile of the Software sector matrix and maintained positive long-term peer RS since July and positive long-term market RS since August. On the trend chart, RBRK has maintained a positive trend since August and returned to a buy signal on 10/21 at $122 after briefly consolidating earlier in the month. Okay to consider in the low $110 to mid $120 range. The bullish price objective of $144 will serve as the price target, while the initial stop loss will be set for $104.
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