Analyst commentary. Includes: SEIC, EFX, KLXI, MAS, SAGE, PEN, RMD, AAON, RES, and VMC.
| Comments |
|---|
| AAON Aaon Inc ($37.95) - Building - AAON, a member of the favored Building sector, broke a double top at $38 on Tuesday. This stock is a perfect 5 for 5’er that is trading well above its bullish support line that has been in tact since November 2008. Demand is in control here, confirmed by five consecutive buy signals. Okay to buy or hold here as the weight of the evidence is positive. The first sign of trouble comes with a move to $33, a double bottom sell signal. |
| EFX Equifax Inc. ($140.56) - Business Products - During Tuesday’s trading session, EFX broke a double top at $140, a new chart high as well as the second consecutive buy signal. This stock is an acceptable 3 for 5’er that has been trading above the bullish support line dating back to April 2009 and is showing long term strength relative to both the market and its peers. Additionally, the bullish price objective is $192, suggesting the potential for further upside from here. Okay to initiate new positions on the breakout as demand is in control and the technical picture is positive. The first sign of trouble comes with a move to $130, a double bottom sell signal. |
| KLXI KLX Inc ($52.76) - Aerospace Airline - Shares of KLXI rallied on Tuesday, breaking a triple top at $53, a new all-time high. This stock is a technically sound 3 for 5’er within the favored Aerospace Airline sector. In fact, this stock ranks 3rd out of 51 names in the sector RS matrix. Okay to buy or hold here as the weight of the evidence is positive. The first sell signal from here comes with a move to $46, a double bottom sell signal. |
| MAS Masco Corporation ($38.24) - Building - MAS broke a double top at $38, a new chart high. This stock is an acceptable 3 for 5’er within the favored Building sector that has seen three months of positive monthly momentum. Additionally, the price target is $64, suggesting the potential for further upside from here. Okay to hold here or buy on a pullback as the stock is nearing the top of the 10 week trading band, indicating that it is overbought here. The first sell signal from here comes with a move to $29. |
| PEN Penumbra ($86.95) - Healthcare - Shares of PEN found support at $81 on Monday and rallied to $89 on Tuesday, breaking a triple top at $88 along the way. This stock is a perfect 5 for 5’er as all of its trending and relative strength characteristics are positive here. PEN is within the favored Healthcare sector and has seen four months of positive monthly momentum. Okay to buy or hold here. Note resistance at $90. Support is at $81 and $80, the bullish support line. |
| RES R P C, Inc. ($21.24) - Oil Service - After testing its bullish support line, RES broke a double top at $21. This stock is a strong 4 for 5’er that is trading in a positive trend and is showing long term strength relative to both the market and its peers. RES ranks in the top decile of the Oil Service sector RS matrix, making it one of the stronger names within this space. Okay to hold here or buy on a pullback as the stock is nearing the top of the 10 week trading band. Note resistance at $23. Support is at $19, the bullish support line. |
| RMD ResMed Inc ($75.21) - Healthcare - RMD broke a triple top at $74 and moved higher to $75. This stock is now up against its all-time high set back in April of 2015. RMD is an acceptable 3 for 5’er within the favored Healthcare sector that has seen four weeks of positive weekly momentum. Additionally, the bullish price objective is $93, suggesting the potential for further upside from here. Okay to hold here or buy on a pullback as the stock is nearing the top of the 10 week trading band. The first sign of trouble from here comes with a move to $67, a triple bottom sell signal. A move to $65 would violate the bullish support line, flipping the overall trend negative. |
| SAGE SAGE Therapeutics Inc. ($78.52) - Drugs - After finding support at $74, shares of SAGE rallied to $79, breaking a double top at $78 along the way. This stock is a perfect 5 for 5’er that is trading in a positive trend and is showing superior strength relative to both the market and its peers. Weekly momentum just flipped positive, suggesting the potential for further upside from here. Furthermore, SAGE has a price target of $102, adding to the positive technical picture. Okay to buy or hold here. The first sign of trouble from here comes with a move to $73, a double bottom sell signal while a move to $66 would violate the bullish support line. |
| SEIC SEI Investments Company ($53.49) - Finance - With the most recent action, SEIC broke a double top at $53. This break complete a bullish catapult pattern and marks a new 52 week high on the chart. This stock is a strong 4 for 5’er within the favored Finance sector that has been trading in a positive trend since January 2012. Weekly momentum has been positive for three weeks, suggesting the potential for further upside from here. Okay to buy or hold here as demand is in control and the weight of the evidence is positive. The first sign of trouble comes with a move to $47, a double bottom sell signal. |
| VMC Vulcan Materials Company ($132.26) - Building - VMC broke a double top at $132. This stock is an acceptable 3 for 5’er within the favored Building sector that has a bullish price objective of $162, suggesting the potential for further upside from here. Okay to buy or hold here as demand is in control. Note support at $124, the bullish support line. A move to $122 would break a triple bottom and flip the overall trend negative. Resistance is between the $136 - $138 level. |
