ALGT, CDAY, CWH, CZR, DMRC, GHL, LE, NTAP.
| ALGT Allegiant Travel Company ($250.65) - Aerospace Airline - ALGT broke a double top at $260 on Thursday, marking a new all-time high on the chart. ALGT is a 5 for 5’er within the favored aerospace airlines sector that has experienced three weeks of positive weekly momentum. From here, support sits at $240. |
| CDAY Ceridian HCM Holding, Inc. ($86.78) - Software - CDAY moved lower Thursday to break a double bottom at $87 before falling to $86 intraday. This 1 for 5'er moved to a negative trend earlier this month and ranks in the bottom quintile of the software sector RS matrix. The weight of the evidence is overwhelmingly negative here. Long exposure should be avoided. Further support is offered at $84 from last November, while the potential for overhead resistance may be found initially at $92. |
| CWH Camping World Holdings Inc ($32.01) - Retailing - CWH moved to a sell signal with a move to $33. Despite today’s move, CHW remains in a positive trend with 3 attributes in its favor. From here, CHW has additional support available at $26. The bullish support line sits at $21. |
| CZR Caesars Entertainment Inc. ($84.45) - Gaming - CZR printed a new all-time high today with a move to $90, which also marked the second consecutive buy signal on the chart. CZR is a healthy 4 for 5’er within the gaming sector that just experienced a flip to positive weekly momentum. From here, support sits at $82. |
| DMRC Digimarc Corporation ($34.76) - Software - DRMC declined Thursday after their earnings release to break a double bottom at $38 before falling over 17% to $35 intraday. This move also violated the bullish support line, placing the stock in an overall negative trend and demoting it to a 2 for 5'er. The technical picture is weak here; avoid. The potential for further support may be found at $34, while initial overhead resistance may come at $42. |
| GHL Greenhill & Co. ($15.06) - Finance - GHL shares moved higher today to complete a bullish triangle at $16 to mark its second consecutive buy signal. This 4 for 5'er has been in a positive trend and on an RS buy signal versus the market since February. GHL is actionable at current levels with a weekly overbought/oversold reading of 20%. From here, support is offered at $14. |
| LE Lands' End, Inc ($30.47) - Retailing - LE broke a double top at $33, marking the eighth consecutive buy signal on the chart since June. LE is a perfect 5 for 5’er as all of its trending and RS metrics are positive here. Additionally, LE is a member of the favored retailing sector. Initial support sits at $28. |
| NTAP NetApp, Inc. ($61.21) - Computers - NTAP moved lower Thursday after their earnings release to break a double bottom at $67 before falling over 14% to $62. While the stock is still a 3 for 5'er, it has certainly shown near-term weakness and has taken out all-near term support. Further support may be found at the bullish support line, which currently resides at $51. |
