ANSS, BLK, DDS, FISV, FSLR, HD, PYPL & WRK.
| ANSS Ansys Inc ($347.86) - Software - Shares of ANSS moved higher Monday to break a double top at $340 before continuing higher intraday to $348. This 4 for 5'er ranks in the top half of the software sector RS matrix and has been on an RS buy signal against the market since mid-2011. Weekly momentum also recently flipped positive, suggesting the potential for further upside from here. Those looking to add exposure may consider the stock at current levels, with initial support offered at $316. Note that further overhead resistance may be found at the all-time high of $352 seen in September of this year. Earnings are expected on 11/4. |
| BLK BlackRock, Inc. ($614.89) - Wall Street - BLK shares moved higher today to break a double top at $616 to return to a buy signal and reach a new all-time high. This 4 for 5'er has been in a positive trend since April and on an RS buy signal versus its peer group since 2011. BLK is actionable at current levels with a weekly overbought/oversold reading of 52%. From here, support can be found at $536. Note that earnings are expected 10/13. |
| DDS Dillard's, Inc. ($54.05) - Retailing - DDS broke a double top at $47 on Monday before moving higher to $61. This stock is a 4 for 5’er that ranks 5th out of 82 names in the favored retailing sector RS matrix. Monthly momentum has been positive for two months and DDS moved back into a positive trend earlier this month. Demand is in control. From here, support sits at $42. |
| FISV Fiserv, Inc. ($106.68) - Computers - FISV moved higher Monday to break a spread quintuple top at $106. This 3 for 5'er moved to a positive trend in May 2009 and has been on an RS buy signal against the market since 2008. The technical picture is sound here and improving. Exposure may be considered at current levels, with initial support offered at $97. Further support can be found at the bullish support line, which is currently positioned at $95. Note that earnings are expected on 10/27. |
| FSLR First Solar, Inc. ($79.31) - Semiconductors - Shares of FSLR continued higher Monday to break a spread triple top at $82, marking a new 52-week high. This 4 for 5'er moved to a positive trend in May and ranks 4th out of 63 names in the semiconductors sector RS matrix. Weekly momentum also just flipped positive, indicating the potential for higher prices. Those looking to add exposure may consider the stock at current levels, with initial support offered at $77. Note that earnings are expected on 10/22. |
| HD Home Depot, Inc. ($286.71) - Building - HD broke a double top at $288, marking the stock’s sixth consecutive buy signal. HD is a strong 4 for 5’er that has maintained a long-term market RS buy signal since January 2012. Demand is in control. From here, support sits at $264. Note HD offers a yield of 2.11%. |
| PYPL Paypal Holdings Inc ($201.51) - Software - PYPL rose Monday to break a double top at $204. This 5 for 5'er moved to a positive trend in April and ranks in the top quintile of the software sector RS matrix. Weekly momentum also just flipped positive, suggesting the potential for further price appreciation. The overall technical picture is positive here and strengthening. Exposure may be considered at current levels, with initial support offered at $190. Further support may be found at $180 and $172, while the potential for overhead resistance may come at the all-time high of $212 last seen in September. Earnings are expected on 10/21. |
| WRK WestRock Co ($38.98) - Forest Prods/Paper - WRK gave a third consecutive buy signal when it broke a double top at $40 in Monday's trading. The weight of the evidence is positive for WRK as it a 3 for 5'er that ranks in the top half of the forest products/paper sector matrix. However, those considering adding long exposure should note that WRK is approaching heavily-overbought territory. Earnings are expected on 11/5. WRK currently comes a 2.1% yield. |
