Analyst commentary includes: ABAX, CLW, DLR, EFII, EXPO, FUN, KN, MTN, POST, and PX.
| Comments |
|---|
| ABAX Abaxis Inc ($53.91) - Healthcare - broke a double top at $54. The stock is back on a buy signal and this break also violates the bearish resistance line giving the stock its second positive technical attribute. ABAX still faces resistance at $54 and a move to $55 will be a spread triple top break. Traders only should consider the stock on that break as it still lacks relative strength versus the market and peers, |
| CLW Clearwater Paper Corp. ($65.95) - Forest Prods/Paper - broke a triple top at $66. This break follows a higher bottom and puts the stock back on a buy signal after breaking a double bottom in October at $59. The stock has only one positive technical attribute, positive trend, and its RS charts are on sell signals and in Os. This would be a stock to watch to see if it can improve on a RS basis with a reversal to Xs on its RS charts. Next resistance for CLW is at $69 and a move on this chart to $61 will put it back on a sell signal. |
| DLR Digital Realty Trust, Inc. ($94.20) - Real Estate - broke a double top at $95. This is the second consecutive buy signal since holding the bullish support line. Although it has only two positive technical attributes the chart appears to be controlled by demand. Traders can consider the stock here with an initial stop loss of $85, a spread triple bottom break that follows a violation of the bullish support line. DLR has an attractive yield of 3.7%. |
| EFII Electronics For Imaging Inc ($44.56) - Computers - Broke a double top at $46. This chart has been on a buy signal since May 2016 but has not managed to break out of a large base formed in the upper $30s to upper $40s over the past couple years. While it has four positive technical attributes, we would watch for the chart to develop further and improve on a RS basis relative to other computer stocks. Currently EFII ranks 31 out of 40 in its sector matrix. |
| EXPO Exponent Inc ($64.10) - Business Products - broke a triple top at $64. This is the second buy signal and move to a new chart high for this stock. It possesses all five positive technical attributes and has a strong price objective of $92. OK to consider EXPO on this break with a stop loss of $59, a triple bottom break. Under that level the next support on the chart is at $53, the bullish support line. |
| FUN Cedar Fair, L.P. ($62.24) - Leisure - broke a triple top at $62. This break comes after the stock was able to hold its support at $57 a level its tested four times. The Leisure sector is favored and this stock is a 5 for 5'er. Positions can be considered on this breakout and pullbacks. The stock has a bullish price objective of $78. Trouble on the chart will be a move to $56 which will be a quintuple bottom break and violation of the bullish support line. |
| KN Knowles Corp ($17.05) - Electronics - broke a double to at $17. This break follows a triple top break at $16.50 and completes a bullish catapult formation. The stock is in a positive trend and its RS charts are in Xs giving it three positive technical attributes. Demand is in control of the chart and positions can be considered here and on a pullback. A stop loss can be kept at $14, a spread double bottom break that follows a violation of the bullish support line. |
| MTN Vail Resorts Inc ($166.77) - Leisure - broke a double top at $168. This is the fourth consecutive buy signal since June 2016 and is a new chart high. The stock has also made higher bottoms and shows that demand is in control. Positions cab be considered here with a stop loss of $150, a spread double bottom break. Under that level the next support on the chart is at $134. The stock ranks 4th among 53 others in its sector matrix. |
| POST Post Holdings Inc ($78.44) - Food Beverages/Soap - broke a double top at $79. This is the third consecutive buy signal and the move violates the bearish resistance line. The move to a positive trend give the stock its fourth positive technical attribute. Although the sector is unfavored traders can consider the stock on the break, A stop loss can be kept at $74, a double bottom break and violation of the bullish support line. |
| PX Praxair, Inc. ($123.87) - Chemicals - broke a double top at $124. This is the third consecutive buy signal on the chart but the stock has only manged to obtain two positive technical attributes, Both the RS charts (market and peers) are in a column of Os and we would watch to see that improve before considering new positions. A move on the chart to $114 will be a triple bottom break with the next support on the chart at $106, the bullish support line. |
