BPOP, CMA, SYNH, BOOT, ACHC, CLFD, SF, JWN, RRR, CAMT, MRVL, MYRG, VRNS, ACLS, ACM, & DVN.
| ACHC Acadia Healthcare Company Inc ($64.76) - Healthcare - ACHC shares moved higher today to break a double top at $65 to return to a buy signal. This 5 for 5'er has been in a positive trend since May of 2020 and on an RS buy signal versus the market since November of 2020. ACHC is actionable at current levels with a weekly overbought/oversold reading of 15%. From here, support is offered at $60 and $58. |
| ACLS Axcelis Technoliges, Inc. ($49.48) - Semiconductors - ACLS rose Wednesday to break a double top at $46 before rising over 9% to $49 intraday. This 3 for 5'er moved to a positive trend earlier this month and ranks in the top half of the semiconductors sector RS matrix. The weight of the technical evidence is positive here, however, those looking to add exposure may look toward a pullback or normalization of the trading band as ACLS is now heavily overbought. Initial support can be found at $42, while overhead resistance may be seen at $50. |
| ACM AECOM ($65.89) - Business Products - Shares of AECOM broke a double top at $66 on Wednesday to give a second consecutive buy signal. The stock is a 4 for 5'er ranked in the top half of the business products stock sector matrix and has maintained an RS buy signal versus the market for over a year now. Demand is in control and the stock is actionable at current levels. The next point of resistance is at around $70, the all-time chart high from May of this year, while initial support is offered at around $62. |
| BOOT Boot Barn Holdings Inc ($89.51) - Retailing - BOOT currently ranks in the top quartile of the retailing sector stock matrix. With today’s action, BOOT returned to a buy signal at $90. This move flipped the trend back to positive, upticking the stock to a 5 for 5’er. From here, support sits at $81 while BOOT is testing resistance at current levels. |
| BPOP Popular, Inc. ($77.89) - Banks - BPOP shares moved higher today to break a double top at $78 to mark its second consecutive buy signal. This 5 for 5'er has been in a positive trend since October of 2020 and on an RS buy signal versus the market since March of 2012. BPOP is actionable at current levels with a weekly overbought/oversold reading of 16%. From here, support is offered at $73. BPOP offers a yield of 2.38%. |
| CAMT Camtek Ltd. (Israel) ADR ($41.39) - Electronics - CAMT broke a spread triple top at $41 for a new all-time high and a second consecutive buy signal. The stock is a 5 for 5'er that ranks 5th (out of 63) in the Electronics sector matrix. Okay to consider here on the breakout or on a pullback to $38 on the chart. Initial support lies at $35 and $33. |
| CLFD Clearfield, Inc. ($46.60) - Telephone - CLFD is a 5 for 5’er that ranks in the top 10% of the telephone sector stock matrix. Today, CLFD completed a triple top breakout at $46, marking the stock’s second consecutive buy signal and a new multi-year high. Furthermore, CLFD just experienced a flip to positive monthly momentum. The weight of the evidence is positive. From here, support sits at $40. |
| CMA Comerica Incorporated ($75.78) - Banks - CMA shares moved higher today to break a double top at $76 to mark its second consecutive buy signal. This 4 for 5'er has been in a positive trend since August and on an RS buy signal versus the market since November of 2020. CMA is actionable at current levels with a weekly overbought/oversold reading of 24%. From here, support is offered at $71. |
| DVN Devon Energy Corporation ($29.20) - Oil - DEVN returned to a buy signal on Thursday with a double top break at $29. DVN is one the bright spots in an oil sector that has deteriorated significantly recently. The stock is 4 for 5'er and ranks in the top 20% of the oil sector matrix. From here, support sits at $25. |
| JWN Nordstrom, Inc. ($31.31) - Retailing - JWN broke a double bottom at $31, returning the chart to a sell signal and an overall negative trend. JWN is now a 1 for 5’er within the retailing sector that is testing support at current levels. Avoid as supply is in control and the weight of the evidence is negative. |
| MRVL Marvell Technology Inc. ($63.25) - Semiconductors - MRVL broke a double top at $63 for a third consecutive buy signal since May. The stock is a 5 for 5'er that ranks 4th (out of 64) in the Semiconductors matrix. Monthly momentum flipped back positive for the first time in six months. Okay to consider here on the breakout or on a pullback to $60 on the chart. Initial support lies at $58 with additional support at $53. |
| MYRG MYR Group Inc. ($102.22) - Building - MYRG broke a triple top at $102 to complete a shakeout pattern and achieve a new all-time high. The stock is a 5 for 5'er that ranks 2nd (out of 76) in the Building sector matrix. Okay to consider here on the breakout. Initial support lies at $95 with additional support at $93 and $91. |
| RRR Red Rock Resorts Inc ($45.91) - Gaming - RRR broke a triple top at $45 before moving higher to $46, marking the stock’s second consecutive buy signal. RRR is a 5 for 5’er within the gaming sector that has been trading in a positive trend since August 2020. Weekly momentum has been positive for two weeks, suggesting the potential for higher prices. Demand is in control. From here, support sits at $39 while RRR is testing overhead resistance at current levels. |
| SF Stifel Financial Corp ($70.04) - Wall Street - SF shares moved higher today to break a double top at $70 to mark its third consecutive buy signal. This 5 for 5'er has been in a positive trend since October of 2020 and on an RS buy signal versus the market since December of 2020. SF is actionable at current levels with a weekly overbought/oversold reading of 33%. From here, support is offered at $66. |
| SYNH Syneos Health Inc. ($91.00) - Biomedics/Genetics - SYNH shares moved higher today to break a double top at $90 to return to a buy signal. This 5 for 5'er has been in a positive trend since March and on an RS buy signal versus the market since June of 2018. SYNH is actionable at current levels with a weekly overbought/oversold reading of 19%. From here, support is offered at 19%. |
| VRNS Varonis Systems Inc. ($62.02) - Software - VRNS pushed higher Wednesday to break a triple top at $61 before reaching $62 intraday. This 5 for 5'er moved to a positive trend in June and ranks in the top half of the favored software sector RS matrix. The weight of the technical evidence is positive here and improving. Exposure may be considered on this breakout. Initial support can be found at $57, which is also the current location of the bullish support line. Note that overhead resistance may be seen at $62 from last month. |
