Tag: VEREIT Inc. (VER)

Our breakout of the week, Cadence Design Systems, Inc. (CDNS), is testing resistance at 150. Repeated Money Flow troughs above zero signal exceptional buying pressure. Breakout above 150 would signal an advance with a target of 180¹.

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.

Another, CDW Corporation (CDW), is testing resistance at 185. Rising Money Flow troughs again signal growing buying pressure. Breakout above 185 would signal an advance with a target of 205².

CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including on-premise, hybrid and cloud capabilities across data center and networking, digital workspace, security, and virtualization.

Used car retailer CarMax, Inc. (KMX), broke through resistance at 135. Rising Money Flow troughs indicate growing buyer interest. Breakout would signal an advance with a target of 155³.

CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through whole auctions.

A smaller breakout pattern is Medtronic plc (MDT) which is testing resistance at 132. Money Flow troughs respecting zero signal strong buying pressure. Breakout above 132 would offer a target of 144⁴.

Medtronic plc develops, manufactures, distributes, and sells device-based medical therapies to hospitals, physicians, clinicians, and patients worldwide. It operates through four segments: Cardiovascular Portfolio, Neuroscience Portfolio, Medical Surgical Portfolio, and Diabetes Operating Unit. The Cardiovascular Portfolio segment offers implantable cardiac pacemakers, cardioverter defibrillators, and cardiac resynchronization therapy devices; AF ablation products; insertable cardiac monitor systems; mechanical circulatory support; TYRX products; and remote monitoring and patient-centered software.

Wingstop Inc. (WING) broke long-term resistance at 170, signaling an advance with a target of 225⁵. Rising Money Flow troughs signal growing buyer interest.

Wingstop Inc., together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced-and-tossed in various flavors. As of December 26, 2020, the company had 1,506 franchised restaurants and 32 company-owned restaurants in 44 states and 10 countries worldwide. Wingstop Inc. was founded in 1994 and is based in Dallas, Texas.

Reminder

The above is only a technical view and does not take into account fundamental data like sales, operating margins, cash flows and debt levels. It is not a recommendation to buy or sell.

Notes

1. 1. Target of $180 for CDNS is calculated as the trough at 120 projected above resistance at 150.
   2. Target of $205 for CDW is calculated as the trough at 165 projected above resistance at 185.
   3. Target of $155 for KMX is calculated as the trough at 115 projected above resistance at 135.
   4. Target of $144 for MDT is calculated as the trough at 120 projected above resistance at 132.
   5. Target of $225 for WING is calculated as support at 115 projected above resistance at 170.

Acknowledgement

1. Hat tip to SeekingAlpha.com for the company profiles.