AHS, EHC, GNRC, HLNE, BLD, CUE, FRPT, APLS, BMI, & PFGC
| APLS Apellis Pharmaceuticals, Inc. ($44.62) - Biomedics/Genetics - APLS broke a double top at $45 on Monday and is now trading at new 52 week highs. This stock is a perfect 5 for 5’er that ranks 8th out of 111 stocks in the favored biomedics/genetics sector. Additionally, monthly momentum just flipped positive, suggesting the potential for higher prices. From here, initial support is offered at $40. |
| ASH Ashland Inc. ($80.58) - Chemicals - Shares of ASH moved higher Monday to break a spread triple top at $80. This 4 for 5'er moved to a positive trend last month and has been on an RS buy signal against the market since mid-2009. Weekly and monthly momentum also recently flipped positive, suggesting the potential for further upside from here. Those looking to add exposure may consider ASH at current levels. Initial support can be found at $74, which is also the current location of the bullish support line. Further support is offered at $71. |
| BLD Topbuild Corp. ($118.81) - Building - BLD reversed up into a column of Xs Monday and broke a double top at $120, which also marked a new all-time high. This 5 for 5'er moved to a positive trend in March of last year and ranks 9th out of 74 names in the favored building sector RS matrix. The stock has also been on an RS buy signal against the market since early-2017. Exposure may be considered at current levels, or on a pullback/normalization of the trading band as BLD is nearing overbought territory. Initial support can be found at $112 with further support at $100. Earnings are expected on 2/25. |
| BMI Badger Meter Inc. ($67.29) - Electronics - BMI broke a double top at $67 on Monday and is now trading at new multi-year highs. This marks the third consecutive buy signal for the electronics stock, confirming that demand is in control. From here, initial support is offered at $59. |
| CUE Cue Biopharma, Inc. ($18.69) - Biomedics/Genetics - Shares of CUE advanced Monday to break a spread triple top at $17.50 before rising to a new all-time high at $18.50 intraday. This 5 for 5'er moved to a positive trend and gave an RS buy signal against the market in November of last year. The weight of the evidence is positive here and continues to improve. Exposure may be considered at current levels, with initial support at $15. Further support can be found at $14.50, $13.50, and $13, which is the current location of the bullish support line. |
| EHC Encompass Health Corp. ($81.33) - Healthcare - EHC rose Monday to complete a bullish triangle pattern with a double top break at $81, marking a new 52-week high. This 3 for 5'er moved to a positive trend in September of last year and ranks in the top half of the favored healthcare sector RS matrix. Weekly and monthly momentum are each positive, suggesting the potential for higher prices. However, those looking to add exposure would be best served to wait for a pullback or normalization of the trading band as EHC is in overbought territory. Initial support can be found at $76 with the bullish support line currently found at $69. |
| FRPT Freshpet Inc ($68.12) - Food Beverages/Soap - FRPT moved higher Monday to break a double top at $68, marking its fifth consecutive buy signal and a new all-time high. This 5 for 5'er moved to a positive trend in August of last year and ranks 2nd out of 68 names in the food beverages/soap sector RS matrix. The stock has also maintained an RS buy signal against the market since mid-2016. Exposure may be considered at current levels, with initial support found at $63. Multiple additional support levels exist from $57 to the bullish support line, which currently sits at $50. Earnings are expected on 3/4. |
| GNRC Generac Holdings, Inc. ($108.92) - Building - GNRC reversed up into a column of Xs Monday and broke a double top at $112, marking its sixth consecutive buy signal following its inclusion in the S&P MidCap 400 that led to this new all-time high. This 5 for 5'er moved to a positive trend in April of 2019 and ranks third out of 74 names in the favored building sector RS matrix. The stock has also been on an RS buy signal against the market since late-2017. Those looking to add exposure may consider GNRC at current levels, or upon a pullback as the stock may be entering overbought territory. Initial support can be found at $102 with further support at $96, $92, and $90. Earnings are expected on 2/13. |
| HLNE Hamilton Lane Inc ($71.03) - Finance - HLNE moved higher Monday to break a double top at $70 before reaching a new all-time high intraday at $71. This 5 for 5'er has maintained a positive trend since mid-2017 and ranks in the top third of the favored finance sector RS matrix. The weight of the evidence is positive here, however, those seeking to add long exposure may be best served to wait for a pullback or normalization of the trading band as HLNE is overbought. Initial support can be found at $63 with further support at $59. |
| PFGC Performance Food Group Co Formerly ($53.98) - Food Beverages/Soap - PFCG broke a double top at $54, marking a new all-time high and the fourth consecutive buy signal on the chart. This stock is a strong 5 for 5’er that ranks 3rd out of 68 names in the food beverages/soap sector matrix. In addition, PFCG just experienced a flip to positive monthly momentum, suggesting the potential for higher prices. From here, initial support is offered at $49. |
