Today's featured stock is ExxonMobil Holdings Corp. (XOM).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| A | Agilent Technologies, Inc | Healthcare | $171.78 | 170s - 180s | 196 | 154 | 4 for 5'er, top quartile of Healthcare matrix, Pos. LT Peer RS, One Box from Mkt. RS Buy, Earn. 11/23 |
| EAT | Brinker International Inc | Restaurants | $212.66 | hi 200s - 210s | 270 | 182 | 4 for 5'er, top third of favored REST sector matrix, spread triple top, good R-R |
| URI | United Rentals, Inc. | Machinery and Tools | $1043.78 | 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 |
| XOM | ExxonMobil Holdings Corp. | Oil | $165.30 | hi150s - hi 160s | 206 | 134 | 5 for 5'er, top 25% of OIL sector matrix, LT pos peer RS, buy on pullback, 2.5% yield |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|
Removed Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| CACI | CACI International Inc. | Computers | $604.51 | 630s - 660s | 776 | 568 | CACI has fallen to a sell signal. OK to hold here. Maintain $568 Stop. |
| AVGO | Broadcom Ltd | Semiconductors | $291.53 | (320s - 340s) | 264 | 384 | AVGO has fallen to heavily oversold territory. OK to hold here. Lower stop to $336. |
| NUE | Nucor Corporation | Steel/Iron | $245.68 | mid 250s to mid 280s | 352 | 228 | NUE has fallen to a sell signal. OK to hold here. Maintain $228 stop. |
Follow-Up Comments
| Comment | |||||||
|---|---|---|---|---|---|---|---|
|
|
|||||||
NDW Spotlight Stock
XOM ExxonMobil Holdings Corp. R ($165.93) - Oil - XOM is a 5 for 5'er that ranks in the top quintile of the oil sector matrix and has been on a peer RS buy signal since 2019. On its default chart, XOM has completed two consecutive buy signals, most recently breaking a triple top at $170 that carried the stock to a new all-time high. XOM has subsequently pulled back into a previous consolidation range below the middle of its trading band, offering an entry point for long exposure. Positions may be added in the upper $150s to upper $160s and we will set our initial stop at $134. We will use the bullish price objective, $206, as our target price. XOM also carries a 2.5% yield.
| 188.00 | X | Top | 188.00 | ||||||||||||||||||||||||||
| 186.00 | X | O | 186.00 | ||||||||||||||||||||||||||
| 184.00 | X | O | 184.00 | ||||||||||||||||||||||||||
| 182.00 | X | B | 182.00 | ||||||||||||||||||||||||||
| 180.00 | X | O | 180.00 | ||||||||||||||||||||||||||
| 178.00 | X | O | 178.00 | ||||||||||||||||||||||||||
| 176.00 | X | X | O | 176.00 | |||||||||||||||||||||||||
| 174.00 | X | O | X | O | 174.00 | ||||||||||||||||||||||||
| 172.00 | X | O | X | O | 172.00 | ||||||||||||||||||||||||
| 170.00 | X | O | X | O | 170.00 | ||||||||||||||||||||||||
| 168.00 | X | O | X | X | X | O | Mid | 168.00 | |||||||||||||||||||||
| 166.00 | X | O | X | X | X | O | X | O | A | O | 166.00 | ||||||||||||||||||
| 164.00 | X | 4 | X | O | X | O | • | X | O | X | O | X | 164.00 | ||||||||||||||||
| 162.00 | X | X | O | X | O | X | O | X | • | X | O | 9 | O | X | 162.00 | ||||||||||||||
| 160.00 | X | O | X | O | O | O | X | O | • | X | O | X | O | X | 160.00 | ||||||||||||||
| 158.00 | X | O | X | O | X | X | O | • | X | X | X | O | X | O | X | 158.00 | |||||||||||||
| 156.00 | X | O | O | X | O | X | O | X | O | X | O | X | O | O | 156.00 | ||||||||||||||
| 154.00 | X | O | X | O | X | X | O | X | X | O | X | O | X | • | 154.00 | ||||||||||||||
| 152.00 | X | O | O | X | O | X | O | 6 | O | X | O | 8 | X | • | 152.00 | ||||||||||||||
| 150.00 | X | O | X | O | X | O | X | O | X | O | • | 150.00 | |||||||||||||||||
| 148.00 | O | X | 5 | X | O | X | O | X | • | 148.00 | |||||||||||||||||||
| 146.00 | O | X | O | X | O | • | O | X | • | Bot | 146.00 | ||||||||||||||||||
| 144.00 | O | X | O | • | O | X | • | 144.00 | |||||||||||||||||||||
| 142.00 | O | • | O | 7 | • | 142.00 | |||||||||||||||||||||||
| 140.00 | • | O | X | • | 140.00 | ||||||||||||||||||||||||
| 138.00 | • | O | X | • | 138.00 | ||||||||||||||||||||||||
| 136.00 | • | O | • | 136.00 |
