LOB, CRSP, MBUU, MELI, PENN, SNBR, CCK, CGNX, HASI, ZBRA, & BRKS.
| BRKS Brooks Automation Inc ($75.07) - Semiconductors - BRKS moved higher Monday to break a double top at $76 before reaching a new multi-year high at $77 intraday. This 4 for 5'er moved to a positive trend in April and ranks 8th out of 60 names in the semiconductors sector RS matrix. The weight of the evidence is positive, however, BRKS is now heavily overbought. 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 $70 with further support offered at $68 and $65. |
| CCK Crown Holdings, Inc. ($95.19) - Business Products - CCK gave an initial sell signal when it broke a double bottom at $95 in Monday's trading. Despite Monday's sell signal, the technical picture for CCK remains positive as it is a 3 for 5'er that ranks in the top 20% of the business products sector matrix. From here, support lies at $94, while overhead resistance sits at $99, a level CCK has failed to breakthrough on three prior occasions. |
| CGNX Cognex Corp ($77.84) - Computers - CGNX moved higher Monday to break a double top at $79, marking a third consecutive buy signal and a new all-time high. This 5 for 5'er moved to a positive trend in April and ranks in the top half of the favored computers sector RS matrix. The overall weight of the evidence is positive here. Exposure may be considered at current levels, with initial support offered at $75. Further support may be found at $70 and $68, the current location of the bullish support line. |
| CRSP Crispr Therapeutics AG ($152.95) - Biomedics/Genetics - CRSP shares pushed higher today to break a double top at $158 to mark its third consecutive buy signal. This 5 for 5'er has been in a positive trend since November and on an RS buy signal versus the market since June of 2019. Recent price action has put CRSP 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 can be found at $142. |
| HASI Hannon Armstrong Sustainable Infrastructure Capital, Inc. ($56.30) - Real Estate - Shares of HASI broke a double top at $57 on Monday, resulting in a fourth consecutive buy signal and new all-time chart high. The 5 for 5'er ranks in the top decile of the real estate stock sector matrix and has remained on an RS buy signal versus the market for almost an entire year now. The weight of the evidence is positive; however, those looking to initiate new long exposure may look for a pullback as the stock is nearing heavily overbought territory. Initial support is offered around $53. |
| LOB Live Oak Bancshares Inc ($45.74) - Banks - LOB shares moved higher today to break a double top at $45 to return to a buy signal. This 5 for 5'er has been in a positive trend since June and on an RS buy signal versus the market since August. LOB is currently actionable with a weekly overbought/oversold reading of 44%. From here, support is offered at $41. |
| MBUU Malibu Boats Inc. ($64.01) - Leisure - MBUU, a 3 for 5’er in the favored leisure sector, broke through multiple levels of resistance on Monday when it completed a bullish catapult pattern at $62 before printing a new all-time high at $65. From here, support sits at $57. |
| MELI Mercadolibre, Inc. ($1,618.70) - Internet - MELI broke a double top at $1632 on Monday, marking the stock’s fifth consecutive buy signal and a new all-time high. MELI is a 4 for 5’er within the internet sector that just experienced a flip to positive weekly momentum. From here, support sits at $1520. |
| PENN Penn National Gaming Inc ($80.50) - Gaming - PENN broke a double top at $81 before reaching $84. PENN is now trading at new all-time highs. PENN is a healthy 4 for 5’er that moved into a positive trend in May. From here, support sits at $73. |
| SNBR Sleep Number Corp. ($83.46) - Household Goods - SNBR broke a double top at $85 on Monday, marking the stock’s second consecutive buy signal. SNBR is a perfect 5 for 5’er that ranks #1 in the household goods sector matrix, making this the strongest name in this favored space. Additionally, weekly momentum just flipped positive, suggesting the potential for higher prices. From here, support sits at $80. |
| ZBRA Zebra Technologies Corp ($383.46) - Electronics - ZBRA rose Monday and broke a double top at $384, marking a new all-time high. This 5 for 5'er moved to a positive trend in April and sits in the upper quintile of the favored electronics sector RS matrix. The technical picture is strong, however, the stock is now overbought 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 $368 with further support offered at $336. |
