CRTO, DLTH, LEN, MIDD, PII, RGEN, SGMS, TER, VRNS & XYL
| CRTO Criteo SA ($45.15) - Internet - CRTO broke a double top at $45 before rally up to $46, bringing the chart up to levels not seen since 2018. CRTO is a 5 for 5'er that ranks in the top third of the Internet sector matrix. Okay to consider on a pullback to $43 on the default chart. Initial support lies at $38, while additional support can be found at $34. |
| DLTH Duluth Holdings Inc ($18.45) - Retailing - DLTH broke a spread triple top at $18.50 on Tuesday, marking the stock’s seventh consecutive buy signal. DLTH is a 4 for 5’er within the favored retailing sector that has experienced two months of positive monthly momentum and two weeks of positive weekly momentum. Demand is in control. From here, support sits at $16. |
| LEN Lennar Corporation ($99.47) - Building - LEN is a 4 for 5’er within the building sector that returned to a buy signal today with a double top breakout at $100. LEN is now testing resistance at the $100 level where a triple top has formed. Initial support sits at $96. |
| MIDD The Middleby Corporation ($171.52) - Household Goods - MIDD broke a double top at $174 to complete a bearish signal reversal pattern. MIDD is a 3 for 5'er that ranks in the top third of the Household Goods sector matrix. Weekly momentum has also flipped positive for the first time in 7 weeks. Okay to consider here on the breakout. Note resistance lies at $176 and in the mid $180s. Support lies in the $158 to $160 range, as well as at $154. |
| PII Polaris Inc. ($135.23) - Leisure - PII is a 4 for 5’er within the leisure sector that returned to a buy signal today at $136. PII has experienced two weeks of positive weekly momentum and is trading in a positive trend. From here, support sits at $124 while PII faces resistance at the $144 level. |
| RGEN Repligen Corp ($204.20) - Biomedics/Genetics - RGEN shares moved higher today to break a double top at $204 to mark its fourth consecutive buy signal. This 4 for 5'er moved to a positive trend earlier this month and has been on an RS buy signal versus the market since August of 2018. RGEN shares are actionable at current levels with a weekly overbought/oversold reading of 20%. From here, support is offered at $190 and $188. |
| SGMS Scientific Games Corporation ($78.10) - Gaming - SGMS completed a bullish catapult pattern on Tuesday with a double top breakout at $80. This move also marked a new all-time high on the chart. SGMS is a 5 for 5’er that ranks 2nd out of 17 names in the gaming sector stock matrix. From here, support sits at $74. Note SGMS expects earnings on 7/21. |
| TER Teradyne, Inc. ($134.58) - Semiconductors - Shares of TER moved higher Tuesday to break a double top at $134. This 5 for 5'er moved back to a positive trend in October and has maintained an RS buy signal against the market since early-2019. Weekly momentum also recently flipped positive, suggesting the potential for further upside from here. The overall technical picture is positive and improving. Initial support can be found at $124 with further support offered at $116 and $114, the current location of the bullish support line. Note that the stock is currently at overhead resistance from earlier this month, with the potential for further resistance seen at $138. |
| VRNS Varonis Systems Inc. ($60.15) - Software - Shares of VRNS advanced Tuesday to break a double top at $60. This 4 for 5'er moved back to a positive trend earlier this month and ranks in the top half of the software sector RS matrix. The weight of the technical evidence is favorable and continues to strengthen, however, the stock is now entering overbought territory so those looking to add exposure may be best served to wait for a pullback or normalization of the trading band. Initial support can be found at $55. |
| XYL Xylem Inc ($119.13) - Machinery and Tools - The chart of XYL reversed back up into a column of Xs on Tuesday, forming a triple top at $120. The 4 for 5'er ranks near the top half of the machinery and tools stock sector matrix and currently trades on three consecutive buy signals. Demand is in control yet those looking for additional bullish confirmation may wait for the triple top break which would occur with a move to $122. Initial support is offered at around $114. |
