ADI, BRKR, CPK, CSTL, EXPE, FMC, LYB, WYNN & ZBRA
| ADI Analog Devices, Inc. ($170.57) - Semiconductors - Shares of ADI moved higher Monday to break a double top at $170, marking a new all-time high. This 3 for 5'er moved to a positive trend last month and ranks in the top half of the semiconductors sector RS matrix. The stock has also been on an RS buy signal since late-2016. The overall weight of the evidence is positive here. Exposure may be considered on this breakout, with initial support offered at $162. |
| BRKR Bruker Corporation ($75.76) - Healthcare - BRKR shares moved higher today to break a double top at $76 to mark its second consecutive buy signal and reach a new all-time high. This 4 for 5'er has been in a positive trend since November and on an RS buy signal versus the market since February of 2016. BRKR is actionable at current levels with a weekly overbought/oversold reading of 47%. From here, support is offered at $71. |
| CPK Chesapeake Utilities Corporation ($122.34) - Gas Utilities - CPK broke a double top at $124 for a third consecutive buy signal. The stock is a 5 for 5'er that just had monthly momentum flip positive. The stock is also accompanied by a current yield of roughly 1.6%. Okay to consider here on the breakout or on a pullback to $118 on the chart. Initial support lies at $114, while longer-term support lies at $100, the January low. |
| CSTL Castle Biosciences, Inc. ($76.71) - Biomedics/Genetics - CSTL shares moved higher today to break a second consecutive tripe top 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 December of 2019. CSTL is actionable at current levels with a weekly overbought/oversold reading of 37%. From here, support is offered at $72 |
| EXPE Expedia Group Inc. ($163.17) - Leisure - EXPE broke a spread triple bottom at $160 for a second consecutive sell signal and a violation of the bullish support line. EXPE will now become a 4 for 5'er in a negative trend. Long-term holders may seek to trim here, while short-term holders may seek to step away here upon the support line violation. From here, support lies in the $154 to $156. |
| FMC FMC Corporation ($110.09) - Chemicals - FMC gave an initial sell signal in Monday's trading when it broke a double bottom in Monday's trading. The overall picture for FMC remains positive as it is a 3 for 5'er that has been on a market RS buy signal since 2019 and is trading in a positive trend. The stock currently sits three boxes above its bullish support line at $104; while further support can be found at $99. |
| LYB LyondellBasell Industries NV ($101.69) - Chemicals - LYB broke a spread triple bottom at $100 in Monday's trading, taking out resistance that had been place since April. The stock now sits against support at $100 and one box above it its bullish support at $99; a move below these levels would cause additional deterioration in LYB's technical picture. Overall, the picture is mixed, LYB is unfavorable 2 for 5'er, but ranks in the top half of the chemicals sectors matrix; the stock's yield of 4.4% is also in its favor. |
| WYNN Wynn Resorts, Limited ($120.45) - Gaming - WYNN broke a quintuple bottom at $120 to return to a sell signal. WYNN is a 4 for 5'er that is testing support at $120. Support also lies at $118, while the bullish support line lies at $110. Long-term holders may seek to trim upon a move to $116. |
| ZBRA Zebra Technologies Corp ($527.13) - Electronics - ZBRA rose Monday to break a spread quadruple top at $520 before reaching a new all-time high at $528 intraday. This 5 for 5'er moved to a positive trend in April of last year and ranks in the top third of the electronics sector RS matrix. Weekly momentum also recently flipped positive, suggesting the potential for further upside from here. The technical picture remains sound and continues to improve. Those looking to add exposure may consider the stock on this breakout, with initial support offered at $488. Further support can be found at $456. |
