AGYS, APTV, CAR, CRWD, DLTH, DOMO, DXC, FDS, FDX, TRMB & ZM
| AGYS Agilysys, Inc. ($46.81) - Computers - AGYS broke a double bottom at $45 for a third consecutive sell signal since the stock's peak earlier this month at $64. Holders of this 3 for 5'er may look to either trim their exposure, either locking in potential long-term profits or as risk management for those who are recent purchasers. From here, support lies at $36. |
| APTV Aptiv PLC ($136.00) - Autos and Parts - APTV is a 5 for 5’er within the autos and parts sector that broke a double bottom at $134, marking the second consecutive sell signal. Although the long-term price remains intact, APTV is showing near-term weakness. No new positions. From here, further support sits at $128. |
| CAR Avis Budget Group, Inc. ($74.77) - Retailing - CAR broke a spread triple top at $71 and rallied to a new high at $74. CAR is a 5 for 5'er that ranks in the top 5 of the Retailing sector matrix. Traders and longer-term holders may look to take profits here. No new positions at this time due to the overbought nature of the stock. From here, support lies at $67 and $63 on the default chart. |
| CRWD CrowdStrike Holdings, Inc. Class A ($175.78) - Software - Following a reversal back into X's the previous day, CRWD reversed back down into O's and fell to break a double bottom at $170. This brings the stock back to support from earlier this month. A move to $168 would violate support and likely mean a potential trim for long-term holders on a possible bounce, and possible stepping away for very short-term holders. A rally above $184 would bring the chart back to a buy signal, while a move to $162 would violate another support level at $164. |
| DLTH Duluth Holdings Inc ($16.77) - Retailing - DLTH is a 4 for 5’er within the retailing sector that broke a double top at $17 with today’s action. This marks the third consecutive buy signal on the chart. From here, support sits at $14.50 while DLTH faces resistance at current levels. |
| DOMO Domo, Inc. Class B ($53.16) - Software - DOMO moved lower Tuesday to break a double bottom at $53, marking a fifth consecutive sell signal. This 2 for 5'er moved to a negative trend last week and ranks in the bottom half of the unfavored software sector RS matrix. Avoid long exposure. Further support may be found at $51, while initial overhead resistance may come at $62. |
| DXC DXC Technology Co ($31.14) - Computers - Shares of DXC reversed up into a column of Xs Tuesday and completed a bullish triangle at $30 before advancing to $31 intraday. This also broke through the bearish resistance line to place the stock back in a positive trend. Now a 3 for 5'er, DXC ranks in the top half of the computers sector RS matrix and saw a recent flip to positive weekly momentum, suggesting the potential for further upside from here. Exposure may be considered on this breakout. Initial support can be found at $26 with further support offered at $25. |
| FDS FactSet Research Systems Inc. ($310.07) - Finance - FDS broke a double bottom at $308, a move that violated the bullish support line. As a result, FDS is now a 2 for 5’er that ranks 68th out of 70 names in the finance sector RS matrix. No new positions here as supply is in control. FDS is testing support at current levels. |
| FDX FedEx Corporation ($285.92) - Aerospace Airline - FDX broke a double top at $284 before rallying up to $288 on the chart. This is the third consecutive buy signal since February on the chart for this 3 for 5'er. Current holders and new positions can be considered here on the breakout. Note that resistance lies at the December high of $304. Near-term support lies in the $260 to $264 range, while additional support can be found at $248. |
| TRMB Trimble Inc. ($76.04) - Telephone - TRMB moved higher Tuesday and broke a double top at $77, matching its all-time high from earlier this month. This 5 for 5'er moved to a positive trend in May of last year and ranks 5th out of 38 stocks in the telephone sector RS matrix. The weight of the evidence is positive here and continues to improve. Initial support can be found at $70, with further support offered at $67 and $66. |
| ZM Zoom Video Communications, Inc. Class A ($312.22) - Telephone - ZM broke a double bottom at $304 on Tuesday, a move that violated the bullish support line. As a result, ZM is now a 1 for 5’er that has given two consecutive sell signals. The technical picture has deteriorated for ZM, which now ranks 37th out of 38 names in the telephone sector RS matrix. Avoid. |
