Today's featured stock is Pegasystems Inc (PEGA).
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| OLLI | Ollies Bargain Outlet Holding Inc. | Retailing | $132.91 | 120s | 150 | 102 | 5 for 5'er, top 25% of favored RETA sector matrix, LT pos mkt RS, buy on pullback, Earn. 8/28 |
| DRI | Darden Restaurants, Inc. | Restaurants | $205.13 | hi 190s - mid 210s | 262 | 178 | 5 TA rating, top 50% of REST sector matrix, LT RS buy, consec buy signals, buy-on-pullback |
| DG | Dollar General Corp. | Retailing | $115.19 | 100s to mid 110s | 133 | 86 | 4 TA rating, top 33% of RETA sector matrix, LT peer RS buy, consec buy signals, buy-on-pullback, Earn. 8/28 |
| BSX | Boston Scientific Corporation | Healthcare | $102.64 | 99 - 108 | 133 | 91 | 5 for 5'er, top 25% of HEAL sector matrix, LT pos mkt RS, spread triple top |
| TSCO | Tractor Supply Company | Retailing | $59.30 | upper 50s | 66 | 50 | 3 for 5'er, top half of favored RETA sector matrix, LT pos mkt RS, buy on pullback |
| HLT | Hilton Worldwide Holdings Inc | Leisure | $268.77 | 260s - low 280s | 364 | 216 | 5 TA rating, top 50% of LEIS sector matrix, LT RS buy, LT pos trend, consec buy signals, buy on pullback. |
| RPM | RPM, Inc. | Chemicals | $121.83 | 110 - 120 | 150 | 99 | 5 for 5'er, top half of favored CHEM sector matrix, LT pos mkt RS, bullish catapult, pos trend flip, 1.7% yield |
| VEEV | Veeva Systems Inc. | Healthcare | $275.43 | 274-lo 300s | 348 | 232 | 5 TA rating, top 10% of HEAL sector matrix, recent shakeout, buy-on-pullback, Earn. 8/27 |
| AMZN | Amazon.com Inc. | Retailing | $221.47 | 200s - low 210s | 240 | 178 | 4 for 5'er, top half of favored RETA sector matrix, LT pos peer & mkt RS, buy on pullback |
| SCHW | The Charles Schwab Corporation | Wall Street | $98.69 | lo-hi 90s | 120 | 76 | 5 TA rating, top 20% of WALL sector matrix, LT peer RS buy, consec buy signals, buy-on-pullback |
| WING | Wingstop Inc. | Restaurants | $342.16 | 320s - 340s | 432 | 280 | 5 for 5'er, #3 of 28 in REST sector matrix, LT pos mkt RS, buy on pullback |
| AXP | American Express Company | Finance | $303.21 | 288-lo 310s | 424 | 236 | 5 TA rating, top 20% of FINA sector matrix, LT RS buy, LT pos trend, consec buy signals, buy on pullback |
| PEG | Public Service Enterprise Group Inc. | Utilities/Electricity | $87.83 | mid 80s | 95 | 74 | 3 for 5'er, favored EUTI sector, spread quintuple top, buy on pullback, 2.9% yield |
| ABBV | AbbVie Inc. | Drugs | $198.64 | 190s - low 200s | 226 | 164 | 5 for 5'er, top third of DRUG sector matrix, LT pos peer & mkt RS, spread triple top, 3.3% yield |
| MS | Morgan Stanley | Wall Street | $147.29 | 140s - lo 150s | 186 | 122 | 5 TA rating, top 33% of WALL sector matrix, LT pos mkt RS, consec buy signals, recent breakout |
| PEGA | Pegasystems Inc | Software | $50.96 | low-to-mid 50s | 79 | 42 | 5 for 5'er, top 20% of favored SOFT sector matrix, buy on pullback, R-R>2.0 |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
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NDW Spotlight Stock
PEGA Pegasystems Inc R ($52.47) - Software - PEGA is a 5 for 5'er that ranks in the top quintile of the favored software sector matrix. On its default chart, PEGA has completed four consecutive buy signals and reached a new multi-year high last month. The stock has subsequently pulled back to support below the middle of its trading band, offering an entry point for long exposure. Positions may be added in the low-to-mid $50s and we will set our initial stop at $42, which would take out multiple levels of support on PEGA's default chart. We will use the bullish price objective, $79, as our target price, giving us a reward-to-risk ratio north of 2.0.
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