ALGT, CTXS, CWH, CZR, YNDX, LDL, PVH, TSCO, CBOE, & PAHC
| ALGT Allegiant Travel Company ($137.08) - Aerospace Airline - ALGT broke a double top at $138, marking the fourth consecutive buy signal on the chart. This stock is a 3 for 5’er within the favored aerospace airline sector that has experienced three weeks of positive weekly momentum and two months of positive monthly momentum. At current levels, ALGT is testing its recent highwatermark. From here, support sits at $130. Note ALGT provides a yield of 3.75%. |
| CBOE CBOE Global Markets Inc. ($90.55) - Wall Street - CBOE broke a double bottom at $88 on Tuesday, marking the second consecutive sell signal on the chart. CBOE is an unacceptable 0 for 5’er within the unfavored Wall Street sector that ranks dead last in the sector stock RS matrix. From here, further support sits at $85. Avoid as supply is in control. |
| CTXS Citrix Systems, Inc. ($138.50) - Software - CTXS broke a spread quadruple bottom at $134 and is now trading in a negative trend. As a result, CTXS is a weak 2 for 5’er that ranks 102nd out of 113 names in the software sector RS matrix. Supply is in control. Avoid. Further support sits at $116. |
| CWH Camping World Holdings Inc ($34.90) - Retailing - CWH returned to a buy signal on Tuesday with a double top breakout at $34 before moving higher to $35. This stock is a 3 for 5’er within the favored retailing sector that moved into a positive trend in May. Demand is in control. From here, support sits at $29. |
| CZR Caesars Entertainment Inc. ($51.46) - Gaming - CZR broke a double top at $51, marking the stock’s fourth consecutive buy signal. CZR is a 3 for 5’er that has experienced two months of positive monthly momentum. From here, support sits at $47, while CZR faces overhead resistance at $70. |
| LDL Lydall Inc ($17.98) - Machinery and Tools - LDL moved to a sell signal today with a double bottom break at $18. The long-term picture remains intact as LDL is a 5 for 5’er that ranks 1st out of 65 names in the favored machinery and tools sector. No new positions here. Those long may continue to hold. The next level of support sits at $16. |
| PAHC Phibro Animal Health Corp ($18.78) - Drugs - PAHC broke a double bottom at $18.50, marking the third consecutive sell signal on the chart. PAHC is an unacceptable 0 for 5’er as it does not have any trending or relative strength characteristics in its favor at this time. Additionally, PAHC has been trading in a negative trend since November 2018 and has experienced two months of negative monthly momentum. Avoid. From here, further support sits at $17.50. |
| PVH Phillips-Van Heusen Corporation ($66.67) - Textiles/Apparel - PVH broke a double top at $65 before moving higher to $67. This stock is a 3 for 5’er that is trading in a positive trend. Additionally, monthly momentum has been positive for two months, suggesting the potential for higher prices. From here, support sits at $61. |
| TSCO Tractor Supply Company ($137.28) - Retailing - After forming a double top at $154, TSCO moved to a sell signal at $140 before moving lower to $138. This action sets the chart up for a potential shakeout pattern. The action point of the shakeout would be triggered with a reversal up into Xs, and the shakeout would complete with a triple top breakout at $156. TSCO is a 5 for 5’er within the favored retailing sector. Okay to play the pattern on the reversal up or upon completion. |
| YNDX Yandex NV ($61.84) - Internet - YNDX moved to a sell signal on Tuesday with a double bottom break at $63 before moving lower to $62. Today’s move marks the first sell signal on the chart since March of this year. Although this is considered a negative for the stock, the long-term picture for YNDX is still intact as it remains a 5 for 5’er in the internet sector. Those long can look to $57 for the next level of support. |
