BLDR, CAR, CHDN, HLT, GH, MSGS, PLAN, TXRH, VICR & YEXT
| BLDR Builders FirstSource, Inc. ($31.78) - Building - BLDR broke a double top at $32, marking the second consecutive buy signal on the chart. This stock is a 5 for 5’er that ranks 7th out of 75 names in the favored building sector RS matrix. Monthly momentum just flipped positive, suggesting the potential for higher prices. From here, initial support sits at $28. |
| CAR Avis Budget Group, Inc. ($35.11) - Retailing - CAR broke a double top at $35, marking the second consecutive buy signal on the chart. CAR is a 5 for 5’er within the favored retailing sector that is showing superior strength versus the market and its peers. Monthly momentum has been positive for one month, suggesting the potential for higher prices. From here, initial support sits at $30 while resistance lies at $36. |
| CHDN Churchill Downs Inc ($178.29) - Gaming - CHDN broke a double top at $180 before moving higher to $182 on Friday. This stock is now trading at new all-time highs with 4 out of 5 attributes in its favor. Monthly momentum just flipped positive, and CHDN is trading in an overall positive trend. From here, initials support sits at $168. |
| GH Guardant Health, Inc. ($96.05) - Biomedics/Genetics - GH broke a triple top at $97, marking the stock’s fourth consecutive buy signal. GH is a 4 for 5’er within the biomedics/genetics sector that moved into a positive trend earlier this month. From here, support sits at $93. |
| HLT Hilton Worldwide Holdings Inc ($91.39) - Leisure - HLT broke a double top at $91, marking the stock's fourth consecutive buy signal. HLT is a 3 for 5'er within the favored leisure sector that has maintained a long-term market RS buy signal since January 2018. Monthly momentum just flipped positive, and HLT has a price target of $100. From here, support sits at $87, while resistance lies at $93. |
| MSGS Madison Square Garden Sports C ($171.50) - Leisure - MSGS completed a bullish triangle on Friday with a double top breakout at $170. Today’s move marks the third consecutive buy signal for the 3 for 5’er within the favored leisure sector. Monthly momentum just flipped positive. From here, initial support sits at $162. |
| PLAN Anaplan, Inc. ($61.60) - Internet - PLAN broke a double top at $63 on Friday and is now up against its all-time high reached in February of this year. PLAN is a 4 for 5’er within the favored internet sector that moved back into a positive trend last week. Additionally, monthly momentum just flipped positive, suggesting the potential for higher prices. From here, support sits at $57. |
| TXRH Texas Roadhouse, Inc. ($65.02) - Restaurants - TXRH broke a double top at $64 before moving higher to $65 on Friday. This marks the stock's third consecutive buy signal since July. TXRH is a 3 for 5'er that ranks 8th out of 26 names in the favored restaurants sector RS matrix. Monthly momentum just flipped positive, adding to the positive technical picture. Support sits at $60 while resistance lies at $72. TXRH provides a yield of 2.88%. |
| VICR Vicor Corp ($87.45) - Electronics - VICR broke a quadruple top at $85 before rallying to $88 on Friday. As a result, the stock is now trading at new all-time highs with all 5 attributes in its favor. VICR has maintained a long-term market RS buy signal since December 2019, adding to the positive technical picture. From here, support sits at $80. |
| YEXT Yext Inc ($18.69) - Software - YEXT broke a double top at $18.50 before moving higher to $19 on Friday. This marks the fourth consecutive buy signal for YEXT, signaling that demand is in control. This stock is a 3 for 5’er within the software sector that just experienced a flip to positive weekly momentum. From here, support sits at $16, while YEXT faces resistance at $22. Note earnings are expected on 9/3. |
