Today's featured stock is United Rentals, Inc. (URI).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| A | Agilent Technologies, Inc | Healthcare | $177.17 | 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 | $632.16 | 630s - 660s | 776 | 568 | 4 for 5'er, top third of COMP sector matrix, LT pos market RS, spread quadruple top |
| EAT | Brinker International Inc | Restaurants | $220.44 | hi 200s - 210s | 270 | 182 | 4 for 5'er, top third of favored REST sector matrix, spread triple top, good R-R |
| NUE | Nucor Corporation | Steel/Iron | $267.91 | mid 250s to mid 280s | 352 | 228 | 5 for 5'er after Mkt RS rev. to Xs, Pos. LT Mkt. and Peer RS, 2nd in Steel matrix, Pos. Trend, ATH on 11/2. |
| URI | United Rentals, Inc. | Machinery and Tools | $1123.79 | 1040s - 1100s | 1312 | 896 | 5 for 5'er, top 20% of MACH sector matrix LT pos peer & mkt RS, spread triple top, buy on pullback |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| AVGO | Broadcom Ltd | Semiconductors | $325.48 | (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 |
|---|---|---|---|---|---|---|---|
| PANW | Palo Alto Networks Inc | Software | $348.04 | 360s - 380s | 472 | 308 | PANW has fallen to a sell signal. OK to hold here. Maintain $308 stop. Earn. 11/19 |
| WSM | Williams-Sonoma, Inc. | Retailing | $270.08 | 240s - 250s | 344 | 212 | WSM has moved into heavily overbought territory. OK to hold here. Maintain $212 stop. Earn. 11/18 |
| EHC | Encompass Health Corp. | Healthcare | $141.03 | low 120s - low 130s | 151 | 108 | EHC has moved into heavily overbought territory. OK to hold here. Raise stop to $118. |
| IHG | InterContinental Hotels Group plc (United Kingdom) ADR | Leisure | $176.00 | mid 160s - low $170s | 208 | 138 | IHG has moved into heavily overbought territory. OK to hold here. Raise stop to $150. |
Follow-Up Comments
| Comment | |||||||
|---|---|---|---|---|---|---|---|
|
|
|||||||
NDW Spotlight Stock
URI United Rentals, Inc. R ($1,047.56) - Machinery and Tools - URI is a 5 for 5'er that has been on peer and market RS buy signals since 2020 and ranks in the top quintile of the machinery and tools sector matrix. In last week's trading, the stock gave a third consecutive buy signal when it broke a spread triple top at $1184, marking a new all-time high. URI has subsequently pulled back to near the middle of its trading and now sits against its bullish support line, offering an entry point for long exposure. Positions may be added in the $1040 to $1100 range and we will set our initial stop at $896. We will use the bullish price objective, $1312, as our target price.
| 1200.00 | X | 1200.00 | |||||||||||||||||||||||||||
| 1184.00 | X | O | 1184.00 | ||||||||||||||||||||||||||
| 1168.00 | X | X | X | X | O | 1168.00 | |||||||||||||||||||||||
| 1152.00 | X | O | X | O | X | O | X | B | 1152.00 | ||||||||||||||||||||
| 1136.00 | X | X | O | X | O | X | O | X | O | 1136.00 | |||||||||||||||||||
| 1120.00 | X | O | X | O | X | O | O | X | O | 1120.00 | |||||||||||||||||||
| 1104.00 | X | X | O | X | X | O | 8 | O | X | X | O | 1104.00 | |||||||||||||||||
| 1088.00 | X | O | X | 7 | X | O | X | O | X | O | X | X | O | X | O | 1088.00 | |||||||||||||
| 1072.00 | X | O | X | O | X | O | X | O | X | O | X | O | X | X | O | X | 1072.00 | ||||||||||||
| 1056.00 | X | O | O | O | X | O | O | X | X | O | X | O | X | X | O | X | • | 1056.00 | |||||||||||
| 1040.00 | X | O | X | O | X | X | O | A | O | X | O | X | O | X | O | • | Mid | 1040.00 | |||||||||||
| 1024.00 | X | O | X | O | X | O | X | O | X | O | O | X | O | X | • | 1024.00 | |||||||||||||
| 1008.00 | 6 | O | 9 | X | O | X | O | X | O | • | O | • | 1008.00 | ||||||||||||||||
| 992.00 | X | O | X | O | X | O | X | • | • | 992.00 | |||||||||||||||||||
| 976.00 | X | O | O | O | • | 976.00 | |||||||||||||||||||||||
| 960.00 | X | • | 960.00 | ||||||||||||||||||||||||||
| 944.00 | X | • | 944.00 | ||||||||||||||||||||||||||
| 928.00 | X | • | 928.00 |
