AMCX, APA, ATR, BAC, BOOT, BYD, CHDN, DFS, DOW, FSLY, GES, HES, INMD, NCLH, PLAY, RL, RS, TEX, TXRH, WD & WYNN.
| AMCX AMC Networks Inc ($54.11) - Media - AMCX returned to a buy signal on Monday with a double top breakout at $54. AMCX is a 3 for 5’er within the favored media sector that ranks in the top half of the sector matrix. From here, support sits at $45 while overhead resistance lies at $73. Earnings are expected on 2/26. |
| APA Apache Corporation ($19.08) - Oil - APA returned to a buy signal when it broke a triple top at $19.50 on Monday as crude rallied nearly 5%. APA's technical picture is improving but the stock remains an unfavorable 2 for 5'er. Support can now be found at $17.50. APA is expected to report earnings on 2/24. |
| ATR Aptargroup Incorporated ($129.10) - Household Goods - ATR fell to a sell signal in Monday's trading. Although the stock remains a favorable 3 for 5'er, it currently sits at $128 on its default chart and shows no additional support until $112, so those with open exposure may wish to monitor the position closely. |
| BAC Bank of America ($35.04) - Banks - BAC shares moved higher today to break a double top at $35 to mark its third consecutive buy signal. This 4 for 5'er has been in a positive trend since June and on an RS buy signal versus the market since March of 2012. BAC is actionable at current levels with a weekly overbought/oversold reading of 61%. From here, support is offered at $30. |
| BOOT Boot Barn Holdings Inc ($62.32) - Retailing - BOOT broke a triple top at $63, marking the stock’s seventh consecutive buy signal on the chart as well as a new all-time high. BOOT is a perfect 5 for 5’er within the favored retailing that ranks in the top quartile of the sector RS matrix. From here, support sits at $59. |
| BYD Boyd Gaming Corp ($57.06) - Gaming - BYD broke a double top at $56 before moving higher to $57, marking the sixth consecutive buy signal on the chart. BYD is a 4 for 5’er that ranks 3rd out of 14 names in the favored gaming sector RS matrix. Demand is in control. From here, support sits at $52. |
| CHDN Churchill Downs Inc ($228.59) - Gaming - CHDN broke a double top at $224 before moving higher to $228, marking a new all-time high on the chart as well as the second consecutive buy signal. CHDN is a 4 for 5’er within the favored gaming sector that has maintained a market RS buy signal since 2015. Demand is in control and support sits at $208. Note earnings are expected on 2/24. |
| DFS Discover Financial Services ($95.89) - Finance - DFS shares moved higher today to break a double top at $97 to mark its second consecutive buy signal. This 4 for 5'er has been in a positive trend since September and on an RS buy signal versus the market since May. DFS is actionable at current levels with a weekly overbought/oversold reading of 14%. From here, support is offered at $89. |
| DOW Dow, Inc. ($62.48) - Chemicals - DOW returned to a buy signal with a double top break at $62 in Monday's trading, which also marked a new all-time for the stock. The technical picture for DOW is mixed. While it has an unfavorable technical attribute rating at 2 for 5, its yield of nearly 5% may tip the scales in its favor. Weekly momentum also recently flipped positive, a positive sign of DOW's potential for additional upside from here. DOW has most recently found support at $52. |
| FSLY Fastly, Inc. Class A ($76.39) - Computers - FSLY moved lower Monday to break a double bottom at $79 before falling to $77 intraday. This 1 for 5'er moved to a negative trend last week and now sits in the bottom third of the computers sector RS matrix. Weekly momentum also recently flipped positive, suggesting the potential for further downside from here. Exposure should be avoided. Note that the stock is at support from December of last year. Initial overhead resistance may come at $83. |
| GES Guess Inc. ($26.64) - Textiles/Apparel - GES broke a double top at $26 before moving higher to $27 on Monday. This marks the fifth consecutive buy signal on the chart as well as a new multi-year high. GES is a 5 for 5’er that ranks 2nd out of 24 names in the favored textiles/apparel sector. From here, support sits at $22. Earnings are expected on 3/16. |
| HES Hess Corporation ($65.41) - Oil - HES rallied on Monday along with most of the energy sector and gave a second consecutive buy signal with a double top break at $65. HES is a favorable 3 for 5'er and carries a 1.65% yield; it has most recently found support at $54. |
| INMD InMode Ltd. ($71.03) - Healthcare - INMD shares moved higher today to complete a bullish triangle at $71 and continued higher to $72 to mark its fifth consecutive 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 July. Recent price action has put INMD into heavily overbought territory, so those wishing to initiate a position may be best served to scale in at current levels. From here, support is offered at $67. |
| NCLH Norwegian Cruise Line Holdings Ltd. ($29.03) - Leisure - NCLH broke a double top at $29, marking the third consecutive buy signal on the chart. NCLH is a 3 for 5’er within the favored leisure sector that just experienced a flip to positive weekly momentum. From here, support sits at $22. Earnings are expected on 2/25. |
| PLAY Dave & Busters Entertainment ($40.95) - Restaurants - PLAY broke a double top at $41, marking the eighth consecutive buy signal on the chart. PLAY is a 5 for 5’er that ranks 3rd out of 27 names in the favored restaurants sector RS matrix. From here, support sits at $36. |
| RL Ralph Lauren ($117.68) - Textiles/Apparel - RL broke a spread triple top at $118 on Monday, marking the stock’s second consecutive buy signal. This stock is a healthy 3 for 5’er within the favored textiles/apparel sector that is trading in a positive trend. From here, support sits at $110. |
| RS Reliance Steel & Aluminum Co ($135.37) - Steel/Iron - RS gave a sixth consecutive buy signal when it broke a double top at $136 amid a broad rally of industrial metals producers on Monday; the move also marks a new all-time high for the stock. Although it ranks in the bottom of the steel/iron sector matrix, RS is favorable 4 for 5'er and carries a 2% yield. The stock has move recently found support at $116. |
| TEX Terex Corporation ($41.37) - Machinery and Tools - Shares of TEX reversed up into Xs on Monday, breaking a double top at $42 to give a fourth consecutive buy signal. The 4 for 5'er ranks in the top quartile of the favored machinery and tools stock sector matrix and recently returned to an RS buy signal versus the market earlier this month. Demand is in control and TEX is actionable at current levels. Initial support is offered at around $38. |
| TXRH Texas Roadhouse, Inc. ($91.71) - Restaurants - TXRH broke a double top at $91 before moving higher to $92. TXRH is a 4 for 5’er within the favored restaurants sector that has maintained a long-term market RS buy signal since January 2018. Furthermore, weekly momentum has been positive for four weeks and TXRH is now trading at new all-time highs. From here, support sits at $84. |
| WD Walker & Dunlop, Inc. ($105.92) - Real Estate - Shares of WD reversed back up into Xs on Monday to break a triple top at $106, resulting in a second consecutive buy signal and new all-time high. The 5 for 5'er ranks near the top decile of the real estate stock sector matrix and recently experienced a flip to positive weekly momentum, indicating the potential for additional upside. Demand is in control. Initial support is offered at around $99. |
| WYNN Wynn Resorts, Limited ($128.67) - Gaming - WYNN broke a double top at $126 before moving higher to $130 on Monday. This marks WYNN’s second consecutive buy signal and a new 52 week high. WYNN is a 4 for 5’er within the favored gaming sector that has experienced two weeks of positive weekly momentum. From here, support sits at $118 with additional support available at $99. |
