AZPN, NCR, SQ, TTD, WTFC, BC, KNSL, FRGI, GCO, ORA, & ROKU.
| AZPN Aspen Technology Inc ($128.64) - Software - AZPN rose Tuesday to break a double top at $126 before continuing to $128 intraday, which broke through the bearish resistance line to put the stock back in a positive trend. Now a 4 for 5'er, AZPN 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. The weight of the evidence is improving here. Exposure may be considered on this breakout, with initial support offered at $116. Further support can be found at $112 and $110. Initial overhead resistance may come at $136 from October. |
| BC Brunswick Corporation ($72.43) - Leisure - BC broke a double top at $72 before moving $73, marking the third consecutive buy signal on the chart. BC is a 4 for 5’er within the favored leisure sector that is now testing its all-time high printed back in July. From here, support sits at $64. |
| FRGI Fiesta Restaurant Group Inc ($11.25) - Restaurants - FRGI broke a double top $11.50, marking the second consecutive buy signal on the chart. FRGI is a 3 for 5’er within the restaurants sector that has experienced four months of positive monthly momentum. Resistance sits at $13 while support sits at $9. |
| GCO Genesco Inc. ($28.58) - Textiles/Apparel - GCO broke a double top at $28 on Tuesday. GCO is a 3 for 5’er within the favored textiles/apparel sector that is trading in a positive trend. Additionally, weekly momentum just flipped positive, suggesting the potential for higher prices. From here, support sits at $18. Earnings are expected on 12/4. |
| KNSL Kinsale Capital Group Inc ($231.77) - Insurance - KNSL shares moved higher today to break a double top at $224 and continued higher to $232 which is a new all-time high. This 4 for 5'er has been in a positive trend since April and on an RS buy signal since February. KNSL is actionable at current levels with a weekly overbought/oversold reading of 59%. From here, support is offered at $208. |
| NCR NCR Corporation ($25.12) - Computers - Shares of NCR moved higher Tuesday to break a double top at $25, marking a third consecutive buy signal. This 3 for 5'er moved to a positive trend in July and ranks in the top third of the computers sector RS matrix. Weekly momentum also just flipped positive, suggesting the potential for further upside from here. Those looking to add exposure may consider the stock here, with initial support offered at $19.50. The bullish support line is also currently found at $19. |
| ORA Ormat Technologies, Inc. ($82.26) - Utilities/Electricity - ORA broke a double top at $83 on Tuesday, marking the second consecutive buy signal on the chart. ORA is a strong 4 for 5’er within the utilities/electricity sector that has maintained a long-term market RS buy signal since March 2015. Monthly momentum just flipped positive, suggesting the potential for higher prices. From here, support sits at $77. |
| ROKU Roku, Inc. Class A ($237.08) - Media - ROKU completed a bullish triangle pattern at $240, marking the fifth consecutive buy signal on the chart. ROKU is a 4 for 5’er within the media sector that is trading well above the bullish support line. From here, ROKU faces resistance at $252 while initial support sits at $224. |
| SQ Square Inc ($188.37) - Software - Shares of SQ reversed up into a column of Xs Tuesday and completed a bullish triangle at $186, before continuing to $190 intraday. This 5 for 5'er ranks 9th out of 120 names in the software sector RS matrix and has been in a positive trend since April. The overall technical picture remains strong here. Exposure may be considered at current levels, with initial support offered at $174. Further support can be found at $168 and $152, with initial overhead resistance coming at $200 from earlier this month. |
| TTD The Trade Desk Inc ($781.24) - Internet - TTD advanced Tuesday to complete a bullish triangle pattern at $768 before rising to $784 intraday. This 5 for 5'er moved to a positive trend in April and ranks 3rd out of 54 names in the internet sector RS matrix. The stock has also been on an RS buy signal against the market since early-2017. The technical picture remains sound here, however, the recent price appreciation has left TTD in 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 $720 with further support offered at $704. |
| WTFC Wintrust Financial Corporation ($55.91) - Banks - WTFC shares broke a double top at $56 to mark its fourth consecutive buy signal. This 4 for 5'er has been in a positive trend since October and on an RS buy signal versus the market since April. Those wishing to initiate a long position may be best served to wait for a pullback or price normalization as recent price action has put WTFC into heavily overbought territory. From here, support can be found at $51. |
