Today's featured stock is Broadcom Ltd (AVGO).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| CENTA | Central Garden & Pet Company | Household Goods | $38.77 | mid-to-hi 30s | 48 | 31 | 4 for 5'er, favored HOUS sector, LT pos peer RS, spread quad top, buy on pullback, Earn. 11/25 |
| SWK | Stanley Black & Decker, Inc. | Machinery and Tools | $103.61 | 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 | $195.46 | low 190s to hi 200s | 230 | 178 | 4 for 5'er, Top half of SOFT sector matrix, Pos. LT Mkt. RS, Pos. Trend. |
| PANW | Palo Alto Networks Inc | Software | $380.57 | 360s - 380s | 472 | 308 | 4 for 5'er, top half of favored SOFT sector matrix, LT pos peer RS, Earn. 11/19 |
| WSM | Williams-Sonoma, Inc. | Retailing | $259.86 | 240s - 250s | 344 | 212 | 5 for 5'er, top 25% of RETA sector matrix, LT pos peer & mkt RS, R-R>2.0, Earn. 11/18 |
| A | Agilent Technologies, Inc | Healthcare | $181.15 | 170s - 180s | 196 | 154 | 4 for 5'er, top quartile of Healthcare matrix, Pos. LT Peer RS, One Box from Mkt. RS Buy, Earn. 11/25 |
| CACI | CACI International Inc. | Computers | $674.37 | 630s - 660s | 776 | 568 | 4 for 5'er, top third of COMP sector matrix, LT pos market RS, spread quadruple top |
| EHC | Encompass Health Corp. | Healthcare | $131.49 | low 120s - low 130s | 151 | 108 | 4 for 5'er, Pos. LT. Mkt. and Peer RS, top half of Healthcare matrix, ATH on 10/29. |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| AVGO | Broadcom Ltd | Semiconductors | $345.00 | (320s - 340s) | 264 | 384 | 1 for 5'er, unfavored SEMI sector matrix, new market RS sell signal, negative trend flip |
Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | Semiconductors | $213.66 | 220 - 240 | 300 | 204 | NVDA Has fallen to a sell signal. OK to hold here. Maintain $204 stop. Earn. 11/17 |
| SN | SharkNinja, Inc. | Household Goods | $209.12 | hi 170s - 180s | 222 | 156 | SN has moved into heavily overbought territory. OK to hold here. Raise stop to $176. Earn. 11/4 |
| URBN | Urban Outfitters, Inc. | Retailing | $92.19 | 79 - 85 | 99 | 71 | URBN has moved into heavily overbought territory. OK to hold here. Raise stop to $77 Earn. 11/24 |
| ASH | Ashland Inc. | Chemicals | $74.38 | hi 60s - mid 70s | 86 | 62 | Removed for earnings. Earn. 11/3 |
| BBY | Best Buy Co., Inc. | Retailing | $100.39 | low-to-mid $90s | 119 | 76 | BBY has fallen to a sell signal. OK to hold here. Raise stop to $83. Earn. 11/24 |
Follow-Up Comments
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NDW Spotlight Stock
AVGO Broadcom Ltd R ($324.18) - Semiconductors - AVGO is a 1 for 5'er and member of the unfavored semiconductors matrix that recently fell to a market RS sell signal for the first time since 2013. On its default chart, AVGO fell to a sell signal and a negative trend when it broke a double bottom at $340 and now sits one box away from giving second consecutive sell signal with a double bottom break at $320, which would take out all support the stock has found since March. Short exposure may be added in the $320s to $340s and we will set our initial stop at $384, which would take out two levels of resistance on AVGO's chart and move it to a positive trend. We will use the bearish price objective, $264, as our target price.
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