APTV, BEPC, CROX, CRUS, KLAC, LRCX, PAYX, PTC, AVY, FCX, PRK, THRM, MOS, WSFS, PZZA, NEM, & DFS.
| APTV Aptiv PLC ($102.35) - Autos and Parts - APTV returned to a buy signal on Tuesday with a double top breakout at $102. This stock is a 3 for 5’er within the favored autos and parts sector that is trading well above the bullish support line. Demand is in control. From here, support sits at $96 while APTV faces resistance at current levels. A move to $104 would mark a new all-time high for the stock. |
| AVY Avery Dennison Corporation ($145.22) - Business Products - AVY gave a sixth consecutive buy signal in Tuesday's trading when it broke a double top at $146, which also marked a new all-time high for the fund. The stock is a perfect 5 for 5'er, has been on a market RS buy signal since 2015, and ranks in the top third of the business products sector matrix. AVY also comes with a 1.8% yield. Those considering long exposure should note that the stock is in heavily-overbought territory and thus may be best served to look for a pullback. |
| BEPC Brookfield Renewable Corporation Class A ($71.10) - Utilities/Electricity - BEPC broke a double top at $70 on Tuesday before moving higher to $71, marking the stock’s fourth consecutive buy signal as well as a new all-time high. BEPC is a 3 for 5’er within the utilities/electricity sector that offers a yield of 2.6%. From here, support sits at $63. Note BEPC is heavily overbought at current levels. |
| CROX Crocs, Inc. ($55.02) - Textiles/Apparel - CROX broke a double top at $56, marking the stock’s sixth consecutive buy signal as well as a new 52 week high. This stock is a perfect 5 for 5’er that ranks 2nd out of 22 names in the favored textiles & apparel sector matrix. CROX has maintained a long-term peer RS buy signal since February 2018 and continues to trade in an overall positive trend. From here, support sits at $52. |
| CRUS Cirrus Logic Inc ($69.64) - Semiconductors - Shares of CRUS moved higher Tuesday after their earnings release to break a double top at $74, before pulling back to around $70 intraday. This 3 for 5'er moved back to a positive trend last month and has maintained an RS buy signal against the market since August of 2019. The weight of the technical evidence continues to improve. Initial support can be found at $67. |
| DFS Discover Financial Services ($69.36) - Finance - DFS shares moved higher today to break a double top at $69 to mark its second consecutive buy signal. This 4 for 5'er has been in a positive trend since September and on an RS buy signal versus the market since May. DFS is actionable at current levels with a weekly overbought/oversold reading of 56%. From here, support can be found at $62. DFS offers a 2.71% yield. |
| FCX Freeport-McMoRan Inc. ($18.77) - Metals Non Ferrous - FCX gave a fourth consecutive buy signal on Tuesday when it broke a double top at $19. FCX is a 5 for 5'er and ranks in the top quintile of the metals non ferrous sector matrix. Those considering long exposure should be aware that today's move will put the stock in heavily-overbought territory. FCX has most recently found support at $17, with additional support at $15. |
| KLAC KLA Corp ($211.33) - Semiconductors - KLAC reversed up into a column of Xs Tuesday and broke a double top at $212, marking its fourth consecutive buy signal. This 4 for 5'er moved to a positive trend in September and has maintained an RS buy signal against the market since early-2011. Those looking to add exposure may consider KLAC on this breakout, with initial support offered at $196. Further support can be found at $192, which is also the current location of the bullish support line. |
| LRCX Lam Research Corporation ($371.68) - Semiconductors - LRCX continued higher Tuesday to break a double top at $360 before rising to $372 intraday. This 4 for 5'er moved to a positive trend last month and ranks in the top third of the semiconductors sector RS matrix. The weight of the evidence is once again improving. Exposure may be considered at current levels, with initial support offered at $340. Further support can be found at $336. |
| MOS Mosaic Company ($17.19) - Chemicals - MOS fell to a sell signal Tuesday when it broke a spread quadruple bottom taking out support that had been in place since September. Although the technical picture remains positive - MOS is a 5 for 5'er and ranks sixth out of 48 names in the chemicals sector matrix, the violation of notable support could be a cause for concern. From here, the next level of support is $16, where MOS's bullish support line currently sits. |
| NEM Newmont Corp ($66.67) - Precious Metals - NEM returned to a buy signal and positive overall trend when it broke a triple top at $65 in Tuesday's trading; a move which will elevate it to a 4 for 5'er. The stock now faces several levels of overhead resistance in the high $60s and low $70s. Those interested in adding exposure may do so here. NEM has most recently found support at $59 and comes with a 2.55% yield. |
| PAYX Paychex, Inc. ($86.55) - Business Products - Shares of PAYX advanced Tuesday to break a double top at $86, marking a fourth consecutive buy signal. This 3 for 5'er moved to a positive trend in April and ranks in the top half of the business products sector RS matrix. The weight of the evidence is becoming increasingly positive, however, the recent price appreciation has led the stock into overbought territory so those looking to add exposure would be best served to wait for a pullback or normalization of the trading band. Initial support can be found at $80; further support is offered at $76 and $75, which is also the current location of the bullish support line. Note that PAYX carries a 3.02% yield. |
| PRK Park National Corp ($96.18) - Banks - PRK shares moved higher today to break a double top at $96 to mark its second consecutive buy signal. This 4 for 5'er has been in a positive trend since July and on an RS buy signal versus its peer group since March. PRK is actionable at current levels with a weekly overbought/oversold reading of 29%. From here, support can be found at $88. Note that PRK offers a 4.45% yield. |
| PTC PTC Inc ($91.75) - Software - PTC continued higher Tuesday to break a double top at $88, returning the stock to an overall positive trend before it marched higher through further resistance at $89 and $91 to reach $92 intraday. Now a 4 for 5'er, this stock has been on an RS buy signal against the market since mid-2008 and ranks in the top half of the software sector RS matrix. Weekly and monthly momentum are each positive as well. Long exposure may be considered at current levels, with initial support offered at $83 and further support offered at $80. Further overhead resistance may be found at the September high of $97. |
| PZZA Papa Johns Intl Inc ($74.66) - Restaurants - PZZA broke a double bottom at $74 on Tuesday, marking the second consecutive sell signal on the chart. PZZA is an unacceptable 1 for 5'er that ranks 24th out of 27 names in the restaurants sector RS matrix. Monthly momentum has been negative for two months and PZZA is trading in a negative trend. Avoid as supply is in control. |
| THRM Gentherm Inc. ($49.24) - Autos and Parts - THRM broke a double top at $48 before moving higher to $49, marking the second consecutive buy signal on the chart. THRM is a 4 for 5'er that has maintained a long-term market RS buy signal since August 2018. In addition, weekly momentum has been positive for four weeks while monthly momentum has been positive for four months. Demand is in control. From here, support sits at $39, the bullish support line. |
| WSFS WSFS Financial Corp. ($34.38) - Banks - WSFS shares pushed higher today to break a double top at $34 to mark its third consecutive buy signal. This 4 for 5'er has been in a positive trend since August and on an RS buy signal versus its peer group since May of 2010. WSFS is actionable at current levels with a weekly overbought/oversold reading of 52% From here, support can be found at $30. |
