ADNT, BOOT, CHWY, CLDX, CPS, DFIN, EA, GDDY, GOLF, HUBS, JAKK, LAMR, NRG, NTRA, ORMP, REGN, SEAS, TROW, WTRG
| ADNT Adient plc ($37.41) - Autos and Parts - ADNT moved to a sell signal on Thursday with a double bottom break at 38 before moving lower to 35 following negative reaction to earnings. This move also violated the stock’s bullish support line, which demotes the stock to an unacceptable 1 for 5’er within the unfavored autos and parts sector. Avoid as supply is in control and the trend is now negative. ADNT is testing another level of support here at 35. |
| BOOT Boot Barn Holdings Inc ($89.73) - Retailing - BOOT broke a double top at $90 on Thursday before moving higher to $93, marking a new all-time and the third consecutive buy signal on the chart. BOOT is a perfect 5 for 5’er that ranks within the top decile of the retailing sector stock matrix. BOOT has maintained a long-term peer RS buy signal since August 2016 and is trading well above the bullish support line. From here, support sits at $83. |
| CHWY Chewy, Inc. Class A ($91.09) - Retailing - CHWY is a 3 for 5’er within the retailing sector that broke a triple top today at 91 before moving higher to 92. From here, support sits at 82 and 80, the bullish support line. At current levels, CHWY is testing overhead resistance that dates to March. |
| CLDX Celldex Therapeutics Inc. ($47.99) - Biomedics/Genetics - CLDX shares moved higher today to break a double top at $47 to return to a buy signal. This 5 for 5'er has been in a positive trend since April and on an RS buy signal versus the market since February of 2020. Recent price action has put CLDX into heavily overbought territory with a weekly overbought/oversold reading of 87%, so those wishing to initiate a long position may be best served to wait for a pullback. From here, support is offered at $38. |
| CPS Cooper-Standard Holdings Inc. ($20.66) - Autos and Parts - CPS is an unacceptable 0 for 5’er that ranks 56th out of 57 names in the autos and parts sector stock matrix, signaling that it is one of the weakest names in this unfavored group. Today, CPS broke a double bottom at 22 before moving lower to 21 which marked the third consecutive sell signal on the chart. From here, additional support resides at 15.50 from October. Avoid. |
| DFIN Donnelley Financial Solutions Inc ($34.75) - Software - DFIN broke a double top at $34, completing a bullish catapult, before rallying up to $35, a new high. DFIN is a 5 for 5'er that ranks in the top half of the Software sector matrix. Okay to consider here on the breakout or on a pullback to $32 on the chart. Initial support lies at $30, while longer-term support lies at $25. |
| EA Electronic Arts Inc. ($136.30) - Software - EA broke a double bottom at 136 today, which violated the bullish support line. As a result, EA is now a 1 for 5’er within the software sector. Weekly momentum just flipped negative, suggesting the potential for lower prices. Avoid. EA is testing support at current levels and has more support at 128. |
| GDDY GoDaddy Inc. ($73.16) - Internet - GDDY moved lower Thursday after their earnings release to break a spread quintuple bottom at $78 before falling over 12% intraday to $72. This violated the bullish support line, placing the stock back in a negative trend and demoting it to a 1 for 5'er from a technical attribute perspective. Avoid long exposure. GDDY is at support from March, with further support seen at $69. |
| GOLF Acushnet Holdings Corp ($53.21) - Leisure - GOLF is a strong 4 for 5’er within the leisure sector that ranks 5th out of 55 names in the sector stock matrix. Following earnings today, GOLF broke a double top at 55 before moving higher to 56, returning the chart to a Point & Figure buy signal and a new all-time high. Weekly momentum has been positive for two weeks, and GOLF has maintained a long-term market RS buy signal since May 2018. Demand is in control, and the technical picture is positive. From here, support sits at 47. |
| HUBS Hubspot Inc ($656.68) - Software - HUBS moved higher Thursday to break a double top at $608 before advancing over 11% and reaching a new all-time high at $656 intraday. This 5 for 5'er has maintained a positive trend since April of 2020 and ranks in the top quintile of the software sector RS matrix. The technical picture is strong here, however, HUBS is now in heavily overbought territory so those looking to add exposure may look to wait for a pullback or normalization in the trading band. Initial support can be found at $576 with further support offered at $544. |
| JAKK Jakks Pacific ($14.96) - Leisure - Today, JAKK broke a triple top at 15.50, which returned to the chart to buy signal, an overall positive trend, and a new 52 week high. As a result, JAKK is now a perfect 5 for 5’er that ranks highly in the leisure sector stock matrix. Furthermore, JAKK just experienced a flip to positive weekly momentum, suggesting the potential for higher prices. From here, support sits at 12.50. |
| LAMR Lamar Advertising Company ($107.94) - Media - LAMR responded favorably to earnings today and broke a double top at 110 before moving higher to 112. As a result, LAMR is now trading at new all-time highs with 3 attributes in its favor. From here, support sits at 98. LAMR yields 2.8%. |
| NRG NRG Energy, Inc. ($41.91) - Utilities/Electricity - Following earnings this morning, NRG broke a double top at $43 on Thursday and is now trading on two consecutive buy signals. NRG is a 3 for 5’er that moved into a positive trend earlier last month. Furthermore, monthly momentum has been positive for two months, adding to the overall weight of the evidence. From here, NRG faces overhead resistance at $44, while initial support is available at $39. NRG yields 3.12%. |
| NTRA Natera Inc ($119.51) - Healthcare - NTRA shares moved higher today to break a double top at $118 to complete a bullish triangle and mark its second 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 April of 2020. NTRA is actionable at current levels with a weekly overbought/oversold reading of 19%. From here, support is offered at $110. |
| ORMP Oramed Pharmaceuticals Inc. (Israel) ADR ($17.31) - Drugs - ORMP shares moved higher today to break a double top at $17 to mark its third consecutive buy signal. This 5 for 5'er has been in a positive trend since November and on an RS buy signal versus the market since January. ORMP is actionable at current levels with a weekly overbought/oversold reading of 31%. From here, support is offered at $13. |
| REGN Regeneron Pharmaceuticals, Inc. ($599.69) - Biomedics/Genetics - REGN shares moved higher today to break a double top at $600 to mark its fifth consecutive buy signal. This 4 for 5'er has been in a positive trend since May and on an RS buys signal versus the market since March of 2020. REGN is actionable at current levels with a weekly overbought/oversold reading of 45%. From here, support is offered at $568. |
| SEAS SeaWorld Entertainment, Inc. ($49.89) - Leisure - SEAS broke a quadruple top at $50 today following earnings. This move flipped the trend back to positive, which promotes the stock to a 4 for 5’er. From here, support sits at $44 while SEAS faces resistance at $51 and $58, the stock’s all-time high from June. |
| TROW T. Rowe Price Group, Inc. ($211.44) - Wall Street - TROW shares moved higher today to break a double top at $212 to mark its fourteenth straight buy signal. This 4 for 5'er has been in a positive trend since April of 2020 and on an RS buy signal versus the market since March of 2020. TROW is actionable at current levels with a weekly overbought/oversold reading of 54%. From here, support is offered at $198. |
| WTRG Essential Utilities Inc. ($50.64) - Waste Management - WTRG broke a double top at $50, marking the stock’s second consecutive buy signal and a new 52 week high. WTRG is a 3 for 5’er within the waste management sector that has maintained a long-term market RS buy signal since February 2016, confirming the stock’s superior strength versus the broader market. From here, support sits at $46 while WTRG faces resistance at $54, the stock’s all-time high printed just before the COVID-19 sell-off in February 2020. WTRG yields 2.16%. |
