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Ross’ Watchlist Week of Aug. 23rd

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Diodes, Incorporated (DIOD)

Diodes, Inc. (DIOD) manufactures and supplies semiconductor products.  It offers diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate, dual gate and standard logic, amplifiers and comparators, Hall-effect and temperature sensors.

Shares are up an astounding 95% inside of the last 12 months.

The stock finally took a breather in July, and we have seen quite a surge since then leading us into the current area of consolidation, we now see the potential setup for a breakout into new highs.

The company has met and exceeded earnings reports for the past 14 out of the past 15 consecutive quarters. 

Here’s how the stock scores with SSI:

Surge score: 89/100

% Above 52-wk low: 95%

MFI reading: 69

Sales growth: +53%

Triple momentum: YES

My entry trigger would be a move into new high ground at $91.25

Traders can work a tight stop at $85.00 to risk approximately 7% on the trade. 

Initial targets for profit taking could be considered at $98.00 and $103.00 respectively.

Nvidia Corp (NVDA)

NVIDIA Corp. (NVDA) engages in the design and manufacturing of computer graphics processors, chipsets, and related multimedia software.

Shares are up 78% within the last 12 months.

The company has met and exceeded earnings reports for the past 6 years / 24 consecutive quarters. 

Here’s how the stock scores with SSI:

Surge score: 92/100

% Above 52-wk low: 78%

MFI reading: 51

Sales growth: +68%

Triple momentum: YES

Price action is setting up nicely for a breakout to new highs.

My entry trigger would be a move into new high ground at $209.00

Traders can work a stop at $187.50, risking approximately 10% on the trade.

Initial targets to look for profit taking could be considered around $225.00 and then followed by $240.00.

Iron Mountain, Inc. (IRM)

Iron Mountain (IRM) that was founded in 1951, is the global leader for storage and information management services. 

Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across approximately 1,450 facilities in approximately 50 countries, Iron Mountain stores and protects billions in valued assets, including critical business information, highly sensitive data, cultural and historical artifacts.

Shares are up 79% within the last 12 months.

The company has met and exceeded earnings reports for the past 6 out of the last 8 quarters.

Their next earnings release date is scheduled for Nov. 3, 2021.

Here’s how the stock scores with SSI:

Surge score: 90/100

% Above 52-wk low: 79%

MFI reading: 61

Sales growth: +14%

Triple momentum: YES

My entry trigger would be a move into new highs at $47.50

Once triggered, traders could work a tight stop on this trade at $44.75, risking only approximately 6% on the trade.

Initial profit taking targets could be considered at the $53.00 and the $64.00 price area(s).

Ross Givens
Ross Givens

I bought my first stock when I was 12 years old. It was Microsoft. I’ve been a registered financial advisor. I’ve worked as a stock broker. I ran a managed fund. I was a Vice President at JP Morgan with Series 7, Series 66 and Series 3 securities licenses. I’ve been featured on Fox Business, CNBC, Bloomberg, and a bunch of other networks. The only thing I enjoy more than making money, is helping YOU make money.

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Odette
Odette
1 month ago

Am I right in my observations that the stocks listed as surging have already reached a very high point. What does one do with this information. I usually look at the charts of these stocks over a one month to up to 5 years and see that they do not have much higher to go… Am I wrong?

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