ACA, AMGN, CDNS, DIS, ETSY, FIVN, JNJ, NWN, PG, PM & PYPL.
| ACA Arcosa Inc ($39.97) - Transports/Non Air - ACA broke a triple top at $40 on Monday, a move that also broke through the stock’s bearish resistance line. As a result, ACA is now a 4 for 5’er within the transports/non air sector. From here, support is offered at $36. |
| AMGN Amgen Inc. ($209.40) - Biomedics/Genetics - AMGN moved higher Monday to break a spread triple top break at $212, marking its second consecutive buy signal. This 4 for 5'er moved to a positive trend at the end of March and has maintained an RS buy signal against the market since October of 2014. The stock also had weekly momentum recently flip positive, suggesting the potential for further upside from here. The overall technical picture continues to improve. Initial support can be found at $196 with further support at $192. AMGN carries a 3.06% yield and has earnings expected on 4/28. |
| CDNS Cadence Design Systems, Inc. ($68.91) - Software - CDNS reversed back up into a column of Xs Monday and broke a quadruple top at $68 before advancing to $69 intraday. This also moved the stock back to an overall positive trend, giving it 5 out of the 5 possible technical attributes. CDNS had weekly momentum just flip positive, indicating the potential for additional price appreciation. The technical picture is strong here. Initial support can be found at $64 with further support offered at $63 and $62. Earnings are expected on 4/20. |
| DIS The Walt Disney Company ($98.15) - Media - DIS gave a second consecutive buy signal when it broke a double top at $98 in Monday's trading. DIS is a 3 for 5'er and ranks in the top half of the media sector matrix. Although it remains in a negative trend, the technical picture for the stock is improving and it has it recently found good support at $93. Overhear resistance sits at $102 and $106, while its bearish resistance line now sits at $118. DIS comes with a 1.79% yield. |
| ETSY Etsy Inc ($46.33) - Retailing - ETSY returned to a buy signal in Monday's trading when it broke a double top at $41 and continued higher to exceed another level of resistance at $45. ETSY is a 3 for 5'er and ranks in the top half of the retailing sector matrix. The next level of overhead resistance sits at $49, while ETSY's bearish resistance line sits at $54. The nearest level of support sits at $34. |
| FIVN Five9, Inc. (Five9) ($78.04) - Software - FIVN completed a bullish triangle pattern on Monday with a double top break at $77. This stock is a perfect 5 for 5’er that ranks 2nd out of 108 names in the favored software sector. In addition, weekly momentum just flipped positive, suggesting the potential for higher prices. Demand is in control and the weight of the evidence is positive. From here, support is offered at $73. Note overhead resistance at $81, FIVN’s all-time high from March. Earnings are expected 4/29. |
| JNJ Johnson & Johnson ($138.31) - Drugs - JNJ returned to a buy signal and a positive trend when it broke a double top at $136 in Monday's trading, which will elevate it to a 4 for 5'er. JNJ ranks in the top third of the drugs sector matrix. The stock faces overhead resistance at $142, with additional resistance at $154. Initial support can be found at $126. JNJ comes with a 2.75% yield. Earnings are expected on 4/14. |
| NWN Northwest Natural Gas Corp ($60.72) - Gas Utilities - NWN broke a double top at $59 before moving higher to $60. This stock is a 3 for 5’er that ranks 3rd out of 17 names in the gas utilities sector matrix. From here, initial support is offered at $55 while overhead resistance is at $65. Today’s breakout marks the second consecutive buy signal. NWN offers a yield of 3.15%. |
| PG The Procter & Gamble Company ($116.24) - Food Beverages/Soap - PG broke a double top at $116 on Monday, making the second consecutive buy signal on the chart. PG is a 3 for 5’er that has maintained a positive trend since October 2018. In addition, PG just recently moved to a market RS buy signal. From here, initial support is offered at $108 while the trend line sits at $99. Note PG expects earnings on 4/21 and offers a yield of 2.57%. |
| PM Philip Morris International Inc. ($76.05) - Food Beverages/Soap - PM broke a spread triple top at $76, marking the third consecutive buy signal on the chart. This stock is a 3 for 5’er that is now 1 box away from moving back into a positive trend, which would happen with a move to $77 or higher. From here, initial support is offered at $70. Note PM expects earnings on 4/21 and offers a yield of 6.15%. |
| PYPL Paypal Holdings Inc ($100.91) - Business Products - PYPL returned to a buy signal on Monday with a double top break at $95 before rallying higher to $100. This move flipped PYPL’s trend back to positive, which promotes the stock to a 4 for 5’er that ranks within the top quartile of the business products sector RS matrix. From here, initial support is offered at $90. Earnings are slated for 4/22. |
