CGNX, EYE, IIVI, NVDA, STAA, SYNH, TER, THO, TKR & VCEL.
| CGNX Cognex Corp ($66.13) - Computers - CGNX pushed higher intraday to break a double top at $67 and give a third consecutive buy signal. The 4 for 5'er ranks 12th out of 40 names in the favored computers stock sector matrix and recently returned to a positive trend and RS buy signal versus the market. Furthermore, monthly momentum just flipped positive, suggesting the potential for additional upside. Demand is in control. Initial support is offered at $63. |
| EYE National Vision Holdings, Inc. ($32.85) - Retailing - Shares of EYE moved higher Monday to complete a bullish triangle pattern at $33. This 3 for 5'er moved to a positive trend in May and ranks in the top half of the favored retailing sector RS matrix. The weight of the evidence continues to improve. Exposure may be considered at current levels, with initial support found at $28. Further support can be found at $27 and $26. Note that the stock is currently at overhead resistance from June, and has earnings expected on 8/6. |
| IIVI Ii VI Inc Two Six Inc ($51.60) - Electronics - Shares of IIVI returned to a buy signal on Monday with a triple top break at $52, now residing just one box away from matching its all-time chart high in January of 2018. The 5 for 5'er reentered a positive trend in April of this year and recently returned to an RS buy signal versus the market in March, demonstrating favorable absolute and relative strength, respectively. In addition, weekly momentum just flipped positive, indicating the potential for further upside. Demand is in control. Further bullish confirmation would come with a move past $53 while initial support is offered at $43. Note earnings are expected on August 13th. |
| NVDA NVIDIA Corporation ($441.05) - Semiconductors - Shares of NVDA advanced Monday to break a spread triple top at $432 before reaching a new all-time high at $440 intraday. This 5 for 5'er moved to a positive trend in April and ranks 10th out of 64 names in the favored semiconductors RS matrix. The stock has also maintained an RS buy signal against the market since mid-2016. The technical picture remains positive and continues to improve. Those looking to add exposure may consider the stock at current levels, with initial support offered at $392. Note that earnings are expected on 8/13. |
| STAA Staar Surgical Company ($60.90) - Healthcare - STAA rose Monday to break a double top at $60 before pushing higher to $61 intraday. This 5 for 5'er moved to a positive trend in April and ranks 3rd out of 120 names in the favored healthcare sector RS matrix. The technical picture remains strong. Initial support can be found at $54, with the potential for further overhead resistance coming at the all-time high of $62 from July. Note that earnings are expected on 8/5. |
| SYNH Syneos Health Inc. ($64.60) - Biomedics/Genetics - SYNH moved higher to give a fourth consecutive buy signal Monday at $64. This 5 for 5'er ranks in the top half of the biomedics/genetics sector RS matrix and moved to a positive trend in May. Weekly momentum also recently flipped positive, suggesting the potential for further upside from here. Exposure may be considered at current levels, or upon movement past further resistance, which would come at $65. Initial support may be found at $60, with multiple additional support offered in the $56-$51 range. Note that earnings are expected on 8/6. |
| TER Teradyne, Inc. ($90.38) - Semiconductors - TER advanced Monday to break a triple top at $91, marking a new multi-year high. This 5 for 5'er moved to a positive trend in April and ranks in the top third of the favored semiconductors sector RS matrix. The overall technical picture is strong and continues to improve. Those looking to add exposure may consider the stock at current levels. Initial support is offered at $83, with further support found at $81. |
| THO Thor Industries, Inc. ($120.30) - Leisure - Shares of THO sharply reversed up into a column of Xs on Monday to break a quadruple top at $120, returning the stock to a buy signal. The 5 for 5'er ranks fifth out of 48 names in the leisure stock sector matrix and returned to an RS buy signal versus the market in February of this year, demonstrating favorable relative strength. Furthermore, THO reentered a positive trend in April, affirming absolute strength. Demand is in control. The next level of resistance resides at $126 while initial support is offered around $112. Note THO also offers a yield of 1.4%. |
| TKR The Timken Company ($49.85) - Machinery and Tools - Shares of TKR reversed up into a column of Xs following their Monday morning earnings release and broke a double top at $49, before pushing through further resistance to $50 intraday. This 3 for 5'er moved to a positive trend in late-May and ranks in the top half of the favored machinery and tools sector RS matrix. The stock also carries a 2.45% yield. Exposure may be considered at current levels, with initial support found at $45 and further support found at $42. The bullish support line is also currently found at $41. |
| VCEL Vericel Corp ($17.23) - Biomedics/Genetics - VCEL continued higher Monday to break a double top at $17. This 3 for 5'er moved to a positive trend in July and ranks in the top quartile of the biomedics/genetics sector RS matrix. Weekly and monthly momentum are also each positive, suggesting the potential for further upside from here. Initial support is offered at $15 with further support found at $13. The bullish support line is also currently positioned at $12. Note that earnings are expected on 8/5. |
