CRWD, ESTC, ALRM, ALGT, AN, CPRI, GES, JWN, RCL, YETI, TWST, & ALGN.
| ALGN Align Technology, Inc. ($511.72) - Healthcare - ALGN shares moved higher today to break a double top at $512 to mark its fifth consecutive buy signal and reach a new all-time high. This 5 for 5'er has been in a positive trend since June and on an RS buy signal since June. Recent price action has place ALGN into heavily overbought territory with a weekly overbought/oversold reading of 80%, so those wishing to initiate a long position may be best served to wait for a pullback or price normalization. From here, support is offered at $440. |
| ALGT Allegiant Travel Company ($180.72) - Aerospace Airline - ALGT broke a double top at $180, marking a new 52 week high as well as the stock’s second consecutive buy signal. ALGT is a strong 4 for 5’er within the favored aerospace airline sector that is trading in a positive trend. From here, support sits at $170. Note ALGT is heavily overbought at current levels. |
| ALRM Alarmcom Holdings ($77.38) - Business Products - ALRM moved higher Thursday to break a double top at $77. This 5 for 5'er moved to a positive trend last month and ranks in the top third of the business products sector RS matrix. The stock has also been on an RS buy signal against the market since early-2016. The weight of the evidence is decidedly positive here, however, the stock is now overbought so those looking to add exposure may look towards a pullback or normalization of the trading band. Initial support can be found at $72 with further support offered at $68. |
| AN Autonation Inc. ($66.40) - Autos and Parts - AN is a 5 for 5’er within the autos and parts sector that completed a bullish catapult pattern at $66 before moving higher to $67. Furthermore, AN just experienced a flip to positive weekly momentum, suggesting the potential for higher prices. From here, support sits at $61 while AN faces resistance at $69. |
| CPRI Capri Holdings Ltd ($39.34) - Retailing - CPRI broke a double top at $39 on Thursday, marking the fourth consecutive buy signal on the chart. CPRI is a 5 for 5’er within the favored retailing sector that is trading in a positive trend. Note CPRI is extremely overbought at current levels. From here, support sits at $35. |
| CRWD CrowdStrike Holdings, Inc. Class A ($161.93) - Software - Shares of CRWD reversed up Thursday following their earnings release to break a double top at $156 before advancing over 14% intraday to a new all-time high at $164. This 4 for 5'er moved to a positive trend in March and has been on an RS buy signal against the market since February. The overall weight of the evidence is positive here. Initial support can be found at $140, with further support coming at $130 and $120. |
| ESTC Elastic NV ($134.88) - Software - Shares of ESTC reversed up Thursday after their earnings release, breaking a double top at $126 before gaining over 12% intraday to mark a new all-time high at $142. This movement also caused ESTC to reverse back up into a column of Xs on its RS chart against the market, improving the stock to a 3 for 5'er from an attribute perspective. Weekly momentum just flipped positive as well, suggesting the potential for further upside from here. However, those looking to add exposure may be best served to wait for a pullback or normalization of the trading band as the stock is now in overbought territory. Initial support is offered at $116. |
| GES Guess Inc. ($18.88) - Textiles/Apparel - GES is a perfect 5 for 5’er within the favored retailing sector that broke a double top at $19 today. This is the stock’s third consecutive buy signal. GES has experienced three weeks of positive weekly momentum, suggesting the potential for higher prices. From here, support sits at $16. |
| JWN Nordstrom, Inc. ($29.78) - Retailing - JWN broke a double top at $30 on Thursday, making the stock’s third consecutive buy signal. JWN is a 4 for 5’er that ranks 3rd out of 88 names in the favored retailing sector. Last month, JWN returned to a positive trend and experienced a flip to positive monthly momentum. From here, support sits at $26. |
| RCL Royal Caribbean Cruises Ltd. ($84.53) - Leisure - RCL broke a double top at $83 before moving higher to $85 on Thursday. This recent breakout marks the stock’s third consecutive buy signal, confirming that demand is in control. RCL is a 4 for 5’er within the leisure sector that has support available at $76. |
| TWST Twist Bioscience Corp. ($122.34) - Biomedics/Genetics - TWST shares moved higher today to break a triple top at $122 to return to a buy signal and reach a new all-time high. This 5 for 5'er has been in a positive trend since November and on an RS buy signal versus the market since February. TWST is actionable at current levels with a weekly overbought/oversold reading of 53%. From here, support can be found at $110. |
| YETI YETI Holdings, Inc. ($64.61) - Leisure - YETI broke a double top at $65 and is now trading at new all-time highs. This breakout marks the third consecutive on the chart, confirming that demand is in control. YETI is a perfect 5 for 5’er within the favored leisure sector that has maintained a Peer RS buy signal since July 2019. From here, support sits at $61. |
