AKAM, BILI, FIVN, HOME, HZNP, IMMU, LPSN, MDB, VEEV & Z
| AKAM Akamai Technologies, Inc. ($118.16) - Internet - AKAM is a 4 for 5’er within the favored internet sector that has maintained a long-term market RS buy signal since July 2019. Additionally, with today’s market action, AKAM broke a double top at $118 and is now trading at new 52 week highs. Today’s breakout marks the third consecutive buy signal, confirming that demand is in control. From here, initial support sits at $106. |
| BILI Bilibili, Inc. Sponsored ADR Class Z ($52.38) - Media - BILI broke a double top at $50 before moving higher to $52, marking a new all-time high as well as the third consecutive buy signal. BILI is a 3 for 5’er that has been trading in a positive trend since November 2019. Additionally, weekly momentum has been positive for two weeks, suggesting the potential for higher prices. From here, support sits at $44. |
| FIVN Five9, Inc. (Five9) ($129.74) - Software - FIVN returned to a buy signal on Tuesday with a double top breakout at $130. As a result, FIVN is now testing resistance at $130, the stock’s all-time high. FIVN is a solid 4 for 5’er that has maintained a market RS buy signal since November 2015 and is trading in a positive trend. From here, a move to $132 would break a spread triple top and would mark a new all-time high. Support sits at $122. |
| HOME AT Home Group Inc ($22.87) - Retailing - HOME completed a shakeout pattern on Tuesday with a triple top breakout at $20 before moving higher to $23. This stock is a strong 5 for 5’er within the favored retailing sector that has experienced three months of positive monthly momentum. At current levels, HOME is heavily overbought. Support sits at $17.50. |
| HZNP Horizon Pharma PLC ($75.44) - Drugs - HZNP completed a bullish triangle pattern with a double top breakout at $77 following a period of consolidation on the chart. HZNP is a strong 5 for 5’er that ranks 2nd out of 53 names in the drugs sector RS matrix. From here, HZNP faces resistance at $78, the stock’s all-time high, while support sits at $73. |
| IMMU Immunomedics Inc ($43.89) - Biomedics/Genetics - IMMU completed a shakeout pattern on Tuesday with a triple top breakout at $45 and is now trading at new all-time highs. This stock is a 5 for 5’er that is trading well above the bullish support line. Additionally, IMMU has maintained a long-term market RS buy signal since November 2019. From here, support sits at $40. |
| LPSN LivePerson, Inc. ($62.90) - Computers - LPSN broke a double top at $63, marking the stock’s seventh consecutive buy signal as well as a new all-time high. This stock is a strong 5 for 5’er that ranks 2nd out of 39 names in the favored computers sector RS matrix. Additionally, monthly momentum has been positive for two months, suggesting the potential for higher prices. Demand is in control. From here, support sits at $59. Note LPSN is heavily overbought here. |
| MDB MongoDB, Inc. Class A ($253.46) - Software - MDB returned to a buy signal on Tuesday at $236 before moving to $252 just one day ahead of expected earnings. As a result of this move, MDB is now trading at new all-time highs. MDB is a 3 for 5’er that has experienced two weeks of positive weekly momentum. The weight of the evidence is positive. From here, support sits at $188. |
| VEEV Veeva Systems Inc. ($293.45) - Software - VEEV reversed up into a column of Xs on Tuesday to break a double top at $292, resulting in a seventh consecutive buy signal and new all-time chart high. The 5 for 5'er demonstrates positive long-term relative strength versus the market, remaining on an RS buy signal since May of 2016 and reentered a positive trend in March, indicating favorable absolute strength. The weight of the evidence is positive yet those looking to initiate new long exposure may consider VEEV on a pullback as the stock is entering heavily overbought territory with today's action. Initial support is offered at $276. |
| Z Zillow Group Inc. Class C ($88.48) - Real Estate - Z broke a double top at $89 and is now trading at new all-time highs. Tuesday’s breakout marks the third consecutive buy signal on the chart, confirming that demand is in control. Z is a perfect 5 for 5’er that ranks 1st out of 125 names in the real estate sector RS matrix. From here, support sits at $85. |
