Today's featured stock is Brinker International Inc (EAT).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| CENTA | Central Garden & Pet Company | Household Goods | $39.15 | 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 |
| WDAY | Workday Inc. | Software | $197.82 | 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 | $365.87 | 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 | $252.72 | 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 | $174.87 | 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 | $675.62 | 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 | $135.90 | 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. |
| EAT | Brinker International Inc | Restaurants | $212.18 | hi 200s - 210s | 270 | 182 | 4 for 5'er, top third of favored REST sector matrix, spread triple top, good R-R |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| AVGO | Broadcom Ltd | Semiconductors | $326.08 | (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 |
|---|---|---|---|---|---|---|---|
| SWK | Stanley Black & Decker, Inc. | Machinery and Tools | $103.44 | hi 80s - mid 90s | 111 | 75 | Removed for earnings. Raise stop to $85. Earn. 11/4 |
Follow-Up Comments
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NDW Spotlight Stock
EAT Brinker International Inc R ($213.38) - Restaurants - EAT is a 4 for 5'er that ranks in the top third of the favored restaurants sector matrix. After giving four consecutive sell signals on its default chart, EAT returned to a buy signal when it completed a bearish signal reversal at $196. In last week's trading, the stock gave a second consecutive buy signal when it broke a spread triple top at $216. Long exposure may be added in the high $200s to $210s and we will set our initial stop at $182, a potential spread triple bottom break on EAT's default chart that would also violate its bullish support line. We will use the bullish price objective, $270, as our target price, giving us a reward-to-risk ratio approaching 2.0.
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