PVH, RCL, ROKU, COLM, NWN, PLCE, FLGT, PSNL, BHVN, IDXX, HES, & URI
| BHVN Biohaven Pharmaceutical Holding Company Ltd. ($93.44) - Drugs - BHVN shares pushed higher today to break a double top at $94 to mark its second consecutive buy signal. This 5 for 5'er has been in a positive trend since September and on an RS buy signal versus the market since April. BHVN is actionable at current levels with a weekly overbought/oversold reading of 22%. From here, support is offered at $90. |
| COLM Columbia Sportswear Company ($88.62) - Textiles/Apparel - COLM completed a bullish catapult pattern on Monday when it moved to $89. This breakout also caused the trend to flip positive. As a result, COLM is a 2 for 5’er within the textiles/apparel sector. At this time, COLM still shows weakness relative to its peers as it is on an RS sell signal and in a column of Os. From here, support sits at $83. |
| FLGT Fulgent Genetics Inc ($48.97) - Biomedics/Genetics - FLGT shares moved higher today to break a double top at $46 and continued higher to $49 marking 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 April. FLGT is actionable at current levels with a weekly overbought/oversold reading of 5%. From here, support is offered at $42. |
| HES Hess Corporation ($54.29) - Oil - HES gave an initial sell signal on Monday as it was down nearly 3% along with many other names in the sector as crude oil traded down more than 5% intraday. Despite Monday's action, the HES's technical picture remains positive as it is a 3 for 5'er, ranks in the top third of the oil sector matrix, and remains in a positive trend. From here, the next level of support sits at $47. |
| IDXX IDEXX Laboratories, Inc. ($487.78) - Healthcare - IDXX shares pushed higher today to break a double top at $488 to mark its fourth consecutive buy signal and reach a new all-time high. This 5 for 5'er has been in a positive trend since April and on an RS buy signal versus the market since June. IDXX is actionable at current levels with a weekly overbought/oversold reading of 45%. From here, support can be found at $424. |
| NWN Northwest Natural Gas Corp ($44.42) - Gas Utilities - NWN broke a double bottom at $46 before moving lower to $45 on Monday. As a result, NWN is now trading in a negative trend with just one technical attribute in its favor. The weight of the evidence is negative. Avoid. From here, additional support sits at $44. |
| PLCE Childrens Place Inc. ($47.95) - Retailing - PLCE, a perfect 5 for 5’er within the retailing sector, broke a double top at $48, marking the stock’s fourth consecutive buy signal. From here, support sits at $43. |
| PSNL Personalis, Inc. ($41.61) - Biomedics/Genetics - PSNL shares moved higher today to break a double top at $41 and continued higher to $42 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 July and on an RS buy signal versus the market since April. PSNL is actionable at current levels with a weekly overbought/oversold reading of 52%. From here, support is offered at $34. |
| PVH Phillips-Van Heusen Corporation ($94.93) - Textiles/Apparel - PVH moved to a sell signal with Monday’s market action when it broke a triple bottom at $92. From here, PVH has support offered at $80. No new positions here. We will wait for a potential reversal up into Xs. PVH remains healthy for the long-term with 5 out of 5 attributes in its favor. |
| RCL Royal Caribbean Cruises Ltd. ($71.27) - Leisure - RCL broke a double bottom at $70 before moving lower to $69 on Monday, marking the stock’s second consecutive sell signal. RCL is a 4 for 5’er that would test its bullish support line with a move to $65. From here, RCL has support offered at $68. No new positions until demand re-enters the picture. |
| ROKU Roku, Inc. Class A ($355.57) - Media - ROKU broke a double top at $356 and is now trading at new all-time highs. Today’s breakout marks the ninth consecutive buy signal on the chart. ROKU is a perfect 5 for 5’er within the favored media sector that has experienced four weeks of positive weekly momentum. Note ROKU is heavily overbought at current levels and has support offered at $332. |
| URI United Rentals, Inc. ($229.55) - Machinery and Tools - Intraday action on Monday pushed URI to a sell signal with a double bottom break at $224. The 5 for 5'er remains in the top half of the favored machinery and tools stocks sector matrix and well-above its bullish support line. Market and Peer relative strength are also in favorable position. The weight of the evidence remains positive for URI. The next level of support is offered around $200. |
