JCOM, NXPI, AOSL, PSX, OXY, MOS, EMN, BE, BOOT, CROX, CZR, GPS, HOG, VNE, WHR, SIVB, FATE, & LPRO.
| AOSL Alpha & Omega Semiconductor Ltd. ($25.17) - Semiconductors - AOSL rose Monday to break a double top at $22 before reaching $25 intraday, marking a new all-time high. This 5 for 5'er moved to a positive trend in June and ranks 1st out of the 60 names in the semiconductors RS matrix. The overall weight of the evidence is strong here, however, AOSL has an intraday overbought/oversold (OBOS) reading of 184% overbought, so those looking to add exposure may look to wait for a pullback or normalization of the trading band. Initial support can be found at $19. |
| BE Bloom Energy Corporation Class A ($21.89) - Utilities/Electricity - BE broke a double top at $21 before moving higher to $22, marking the second consecutive buy signal on the chart. BE is a 4 for 5’er within the utilities/electricity sector that just moved into a positive trend last week. From here, BE faces resistance at $23 while support sits at $18.50. |
| BOOT Boot Barn Holdings Inc ($42.86) - Retailing - BOOT broke a double top at $43 on Monday, marking the third consecutive buy signal on the chart. This stock is a perfect 5 for 5’er within the favored retailing sector that has maintained a long-term peer RS buy signal since August 2016. Furthermore, weekly momentum has been positive for three weeks. From here, support sits at $38. |
| CROX Crocs, Inc. ($61.76) - Textiles/Apparel - CROX broke a double top at $62, marking the seventh consecutive buy signal on the chart. CROX is a perfect 5 for 5’er that ranks 4th out of 22 names in the favored textiles/apparel sector. From here, support sits at $54. |
| CZR Caesars Entertainment Inc. ($66.51) - Gaming - CZR completed a bullish triangle pattern on Monday with a double top breakout at $67. This stock is a 4 for 5’er within the favored gaming sector that ranks 2nd out of 12 names in the sector RS matrix. Weekly momentum just flipped positive, suggesting the potential for higher prices. From here, support sits at $63 while CZR faces resistance at $74. |
| EMN Eastman Chemical Company ($99.19) - Chemicals - EMN gave a second consecutive buy signal when it broke a double top at $99 in Monday's trading. EMN is a 3 for 5'er and ranks seventh out of 48 names in the favored chemicals sector matrix. The stock currently sits in heavily-overbought territory, so those interested in adding long exposure may be best served to do so on a pullback or after prices have normalized at current levels. EMN carries a 2.7% yield and has most recently found support at $95. |
| FATE Fate Therapeutics, Inc, ($53.98) - Biomedics/Genetics - FATE shares moved higher today to break a double top at $54 to return to a but signal. This 5 for 5'er has been in a positive trend since September and on an RS buy signal versus the market since January. FATE is actionable at current levels with a weekly overbought/oversold reading of 46%. From here, support is offered at $49. |
| GPS The Gap, Inc. ($25.88) - Retailing - GPS broke a double top at $26, marking the stock’s eight consecutive buy signal, confirming that demand is in control. Today’s move also marks a new all-time high for GPS although it is now trading in heavily overbought territory. GPS is a perfect 5 for 5’er within the favored retailing sector. From here, support sits at $22. GPS expects earnings tomorrow. |
| HOG Harley-Davidson, Inc. ($40.00) - Leisure - HOG BROKE a double top at $38 before moving higher to $40 where it is now trading at new 52-week highs. HOG is a strong 5 for 5’er within the favored leisure sector that ranks 6th out of 49 names in the sector stock matrix. From current levels, HOG has support available at $33. |
| JCOM j2 Global Communications, Inc. ($86.90) - Internet - Shares of JCOM moved higher Monday to break a double top at $86 before reaching $87 intraday. This 3 for 5'er moved to a positive trend in August and ranks in the top third of the internet sector RS matrix. Weekly and monthly momentum each recently flipped positive as well, suggesting the potential for further upside from here. However, those looking to add exposure would be best served to wait for a pullback or normalization of the trading band as JCOM is overbought. Initial support can be found on the default chart at $82. |
| LPRO Open Lending Corporation Class A ($29.96) - Wall Street - LPRO shares moved higher today to break a double top at $31 to mark its seventh consecutive buy signal and reach a new all-time high. This 5 for 5'er has been in a positive trend and on an RS buy signal versus the market since June. LPRO is actionable at current levels with a weekly overbought/oversold reading of 48%. From here, support can be found at $26. |
| MOS Mosaic Company ($20.52) - Chemicals - MOS returned to a buy signal in Monday's trading when it broke a double top at $20. The stock now sits against resistance, at $21, which has been in place since September. The weight of the evidence for MOS is positive as it is a 4 for 5'er, trading a positive overall trend, and ranks in the top half of the favored chemicals sector matrix. MOS carries a 1% yield. |
| NXPI NXP Semiconductors NV ($154.30) - Semiconductors - NXPI advanced Monday to break a double top at $154, marking a third consecutive buy signal and a new all-time high. This 3 for 5'er moved to a positive trend in April and sits in the top quartile of the semiconductors sector RS matrix. The technical picture is sound here and continues to improve. Initial support can be found at $140, with further support found at $128. |
| OXY Occidental Petroleum Corporation ($15.40) - Oil - OXY printed three Xs on its default chart in Monday's trading, a move which will return the stock to an overall positive trend and promote it a 2 for 5'er. While the technical picture for OXY is improving, it remains a low attribute name and Monday's move will push it even further into heavily overbought territory. The next level of resistance sits at $16.50, while the most recent level support sits at $9.00. |
| PSX Phillips 66 ($65.37) - Oil - PSX gave a third consecutive buy signal when it broke a double top at $65 in Monday's trading, which will also return it to a positive overall trend and elevate it to a 3 for 5'er. The technical picture for PSX has improved markedly in the last few weeks. However, those considering adding exposure should note that Monday's move will put the stock in heavily overbought territory. The next level of overhead resistance sits at $67, while support can be found at $59. PSX carries a 5.86% yield. |
| SIVB SVB Financial Group ($348.58) - Banks - SIVB shares pushed higher today to break a triple top at $360 to mark its sixth 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 October. SIVB is heavily overbought at current levels with a weekly overbought/oversold reading of 121%. From here, support can be found at $344. |
| VNE Veoneer, Inc. ($19.89) - Autos and Parts - VNE broke a spread quintuple top at $19 today before moving higher to $20. As a result, VNE has now given four consecutive buy signals on the chart and sits at new 52 week highs. VNE is a perfect 5 for 5’er that moved back into a positive trend in early October. From here, support sits at $17. |
| WHR Whirlpool Corporation ($198.29) - Household Goods - WHR broke a double top at $198 on Monday, marking the stock’s second consecutive buy signal. WHR is a perfect 5 for 5’er within the favored household goods sector. From here, WHR faces resistance at $204, its multi-year high first reached in October. Support sits at $190 with additional support offered at $182. |
