CRI, EAT, EXPE, TRUP, HEI, & SWK
| CRI Carter's, Inc. ($83.36) - Textiles/Apparel - CRI broke a double bottom at $82 and successfully completed a bearish catapult pattern on Thursday. This stock is a weak 1 for 5’er that ranks 19th out of 22 names in the textiles/apparel sector RS matrix. Last week, CRI moved into a negative trend. The weight of the evidence is negative, and supply is in control. Avoid. From here, CRI has additional support available at the $77 level. |
| EAT Brinker International Inc ($48.73) - Restaurants - EAT broke a spread triple top at $49 before moving higher to $50. This marks the second consecutive buy signal on the chart as well as a new multi-year high. EAT is a perfect 5 for 5’er that ranks #1 in the favored restaurants sector. Demand is in control. Support sits at $45 and $41. |
| EXPE Expedia Group Inc. ($89.30) - Leisure - EXPE moved back into a negative trend on Thursday when the stock broke a double bottom at $88. EXPE is a 2 for 5’er within the leisure sector that has experienced four weeks of negative weekly momentum. From here, support sits at $86 and $81. Earnings are expected on 11/4. |
| HEI Heico Corporation ($114.38) - Aerospace Airline - Shares of HEI returned to a buy signal on Thursday with a spread triple top break at $116. The 5 for 5'er ranks in the top half of the favored aerospace airline stock sector matrix and demonstrates positive long-term relative strength versus the market, remaining on an RS buy signal since November of 2003. The weight of the evidence is positive and HEI is actionable at current levels. The next level of resistance resides around $118 while initial support is offered at $100. |
| SWK Stanley Black & Decker, Inc. ($176.35) - Machinery and Tools - SWK shares reversed down into a column of Os on Thursday, offering a buy on pullback opportunity for investors. The 4 for 5'er ranks in the top third of the machinery and tools stock sector matrix and recently returned to a relative strength buy signal versus the market earlier this month. Demand is in control. Initial support is offered around $154 while resistance can be found at $180, the all-time chart high. Note earnings are expected on October 27th. |
| TRUP Trupanion Inc. ($93.06) - Insurance - TRUP shares pushed higher today to break a double top at $93 to mark its third consecutive buy signal and reach a new all-time high. This 5 for 5'er has been in a positive trend since May and on an RS buy signal versus the market since March.TRUP is currently the number one ranked stock in the Insurance sector RS matrix. Those wishing to initiate a long position may be best served to wait for a pullback or price normalization as TRUP is on the verge of being heavily overbought with a weekly overbought/oversold reading of 69%. From here, support can be found at $89. Note that earnings are expected on 10/29. |
