CZR, DHI, FOXF, FTCH, GRPN, KIRK, CRL, MDB, LEA, WDAY, LULU, CMTL, FSLY, EL, & TPIC.
| CMTL Comtech Telecommunications Corporation ($20.81) - Telephone - CMTL advanced Thursday to complete a shakeout pattern with a triple top break at $21. This 3 for 5'er moved to a positive trend in November and ranks in the top half of the telephone sector RS matrix. The technical picture continues to strengthen, however, CMTL 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 $17, with the bullish support line currently positioned at $16. The stock is also at overhead resistance from June. |
| CRL Charles River Lab. Internat'l, Inc. ($245.91) - Biomedics/Genetics - CRL shares moved higher today to break a double top at $244 to mark its sixth consecutive buy signal. This 5 for 5'er has been in a positive trend since April and on an RS buy signal versus the market since December of 2015. CRL is actionable at current levels with a weekly overbought/oversold reading of 6%. From here, support can be found at $228. |
| CZR Caesars Entertainment Inc. ($76.71) - Gaming - CZR broke a double top at $77 and successfully completed a bullish catapult pattern. Additionally, CZR is now trading at new all-time highs with 4 attributes in its favor. From here, support sits at $70. |
| DHI D.R. Horton, Inc. ($73.75) - Building - DHI broke a double top at $74 on Thursday. DHI is a 3 for 5’er within the favored building sector that has maintained a long-term market RS buy signal since January 2012. From here, support sits at $68. |
| EL Estee Lauder Companies ($263.83) - Retailing - Shares of EL advanced on Thursday to break a double top at $260 and push higher to $264, marking a new all-time high. The 4 for 5'er demonstrates favorable long-term relative strength versus the market and continues to trade well-above its bullish support line. The weight of the evidence is positive; however, those looking to initiate new long exposure may consider entering on a pullback as EL is approaching the top of its trading band. Initial support is offered around $240. |
| FOXF Fox Factory Holding Corp ($100.77) - Autos and Parts - FOXF broke a double top at $102 on Thursday, marking the third consecutive buy signal on the chart. FOXF is a 3 for 5’er within the favored autos and parts sector that is trading in a positive trend. From here, support sits at $95. |
| FSLY Fastly, Inc. Class A ($100.78) - Computers - FSLY rose Thursday to break a triple top at $102, marking a third consecutive buy signal. This 3 for 5'er moved to a positive trend in March and has positive weekly momentum, suggesting the potential for higher prices. Initial support can be found at $91, with further support offered at $90 and $85. |
| FTCH Farfetch Limited Class A ($62.51) - Retailing - FTCH broke a double top at $62 before moving higher to $63 on Thursday, marking a new all-time high in addition to the fourth consecutive buy signal on the chart. FTCH is a healthy 5 for 5’er within the favored retailing sector that ranks 4th out of 88 names in the sector RS matrix. FTCH is extremely overbought at current levels. Support sits at $56. |
| GRPN Groupon Inc. ($39.07) - Retailing - GRPN, a 3 for 5’er within the favored retailing sector, broke a double top at $39. Today’s breakout marks the third consecutive buy signal on the chart, confirming that demand is in control. GRPN is extremely overbought at current levels and has initial support at $34. |
| KIRK Kirkland's, Inc. ($19.61) - Retailing - KIRK, a perfect 5 for 5’er within the favored retailing sector, broke a double top at $19.50 before moving higher to $20. Today’s breakout marks the fifth consecutive buy signal as demand is firmly in control. Furthermore, weekly momentum has been positive for three weeks, suggesting the potential for higher prices. From here, support sits at $16.50. |
| LEA Lear Corporation ($164.69) - Autos and Parts - LEA broke a double top at $164 on Thursday and is now trading on six consecutive buy signals. LEA is a 3 for 5’er within the favored autos and parts sector that has maintained a peer RS buy since December 2013. Demand is in control. From here, support sits at $156. |
| LULU Lululemon Athletica Inc. ($386.07) - Retailing - LULU broke a double top at $384 on Thursday, marking the stock’s third consecutive buy signal. LULU is a 3 for 5’er within the favored retailing sector that has maintained a market RS buy signal since April 2018. Furthermore, LULU has experienced four weeks of positive weekly momentum. From here, support sits at $340 while overhead resistance lies at $396, LULU’s all-time high from September. |
| MDB MongoDB, Inc. Class A ($371.97) - Software - Shares of MDB moved higher Thursday to break a double top at $352 before advancing over 10% intraday to a new all-time high at $376. This 5 for 5'er moved to a positive trend in April and ranks 9th out of 120 names in the software sector RS matrix. Weekly and monthly momentum recently flipped positive as well, suggesting the potential for further upside from here. However, MDB is now heavily 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 $332. |
| TPIC TPI Composites Inc ($46.67) - Machinery and Tools - TPIC climbed on Thursday to break a spread triple top at $46, resulting in a fifth consecutive buy signal and a new all-time chart high. The 4 for 5'er ranks in the top half of the favored machinery and tools stock sector matrix and returned to an RS buy signal versus the market in July of this year. The weight of the evidence is positive and the stock is actionable at current levels. Initial support is offered around $40. |
| WDAY Workday Inc. ($240.63) - Software - WDAY moved higher Thursday to break a quadruple top at $232 before advancing to $240 intraday. This 3 for 5'er moved to a positive trend in August and has been on an RS buy signal against the market since mid-2017. The weight of the technical evidence is positive here. Initial support is offered at $216 with further support found at $208, $204, and $200, the current location of the bullish support line. Further overhead resistance may come at the all-time high of $248 from August. |
