AJG, BILI, BLL, BNTX, CHWY, ETSY, FIVN, GGG, MA & MHK
| AJG Arthur J. Gallagher & Co. ($119.88) - Insurance - AJG shares moved higher today to break a double top at $120 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 May and on an RS buy signal versus the market since October of 2018. Recent price action has put AJG into heavily overbought territory, 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 $110. |
| BILI Bilibili, Inc. Sponsored ADR Class Z ($75.64) - Media - BILI broke a double top at $78 before moving higher to $81. This stock is a 5 for 5’er within the favored media sector that is trading in a positive trend. From here, support sits at $72. Note BILI is extremely overbought at current levels. |
| BLL Ball Corporation ($92.47) - Business Products - BLL gave an initial sell signal when completed a bearish triangle at $92 in Friday's trading. Despite this move, the technical picture of BLL remains positive as it is a 5 for 5'er that has been on a market RS buy signal since 2000 and ranks in the top third of the business products sector matrix. BLL currently sits against support at $92, with additional support at $87. |
| BNTX BioNTech SE Sponsored ADR ($126.27) - Biomedics/Genetics - BNTX shares moved higher today to break a triple top at $130 to mark its second consecutive buy signal and reach a new all-time high. This 5 for 5'er has been in a positive trend since October and on an RS buy signal versus the market since June. Recent price action has put BNTX into heavily overbought territory, so those wishing to initiate a new position may be best served to wait for a pullback or price normalization. From here, support can be found at $118. |
| CHWY Chewy, Inc. Class A ($84.80) - Retailing - CHWY, a 3 for 5’er, broke a double top at $83 before moving higher to $84 and is now trading at new all-time highs. Today’s breakout marks the stock’s third consecutive buy signal, confirming that demand is in control. From here, support sits at $76. |
| ETSY Etsy Inc ($169.90) - Retailing - ETSY broke a double top at $168 before moving higher to $170 on Friday, marking the stock’s fourth consecutive buy signal and new all-time high. ETSY is a 3 for 5’er within the favored retailing sector that has experienced two weeks of positive weekly momentum. From here, support sits at $158. |
| FIVN Five9, Inc. (Five9) ($161.29) - Software - FIVN moved higher Friday to break a double top at $160 before reaching $162 intraday. This 4 for 5'er moved to a positive trend in March and ranks in the top quintile of the software sector RS matrix. The stock has also been on an RS buy signal since late-2015. The technical picture remains strong and continues to improve. Exposure may be considered at current levels, with initial support offered at $150. Further overhead resistance may be found initially at the all-time high of $166 from last month. |
| GGG Graco Inc ($69.75) - Machinery and Tools - Shares of GGG reversed up into a column of Xs on Friday, now residing just one box away from a fourth consecutive buy signal and a new all-time high. The 4 for 5'er resides in the top half of the favored machinery and tools stock sector matrix and demonstrates favorable long-term relative strength versus the market. Demand is in control. Initial support is offered around $66. |
| MA Mastercard Incorporated Class A ($325.61) - Finance - Shares of MA moved lower today to give a sell signal at $328. This stock is still a technically sound 3 for 5'er that moved back to a positive trend in November and has maintained an RS buy signal against the market since mid-2011. The technical picture is mixed at current levels, as the long-term strength remains intact while the near-term picture is showing signs of weakness. From here, further support can be found at $324 and $312, the current location of the bullish support line. MA would return to a buy signal from current levels with a triple top break at $348. |
| MHK Mohawk Industries, Inc. ($134.75) - Household Goods - MHK completed a bullish catapult pattern with a double top buy signal at $136. MHK is a solid 4 for 5’er within the favored household goods sector. From here, support sits at $126. |
