ABBV, ABT, DHI, EVTC, GPI, JACK, ORLY, WIRE & WOLF
| ABBV AbbVie Inc. ($121.31) - Drugs - ABBV shares moved higher today to break a double top at $122 to return to a buy signal. This 3 for 5'er has been in a positive trend since November of 2020 and on an RS buy signal versus its peer group since March of 2020. ABBV is actionable at current levels with a weekly overbought/oversold reading of 60%. From here, support is offered at $106. Note that ABBV offers a yield of 4.83%. |
| ABT Abbott Laboratories ($132.59) - Drugs - ABT shares moved higher today to break a double top at $132 to mark its third consecutive buy signal. This 4 for 5'er has been in a positive trend since March of 2020 and on an RS buy signal versus the market since September of 2018. ABT is actionable at current levels with a weekly overbought/oversold reading of 42%. From here, support is offered at $124. |
| DHI D.R. Horton, Inc. ($105.82) - Building - DHI is a 3 for 5’er within the building sector that broke a double top today at $106, marking the fourth consecutive buy signal on the chart. This also matches the stock’s all-time high printed in May. Demand is in control. Support sits at $97. |
| EVTC Evertec Inc ($48.99) - Finance - EVTC rose Monday to break a double top at $48 before reaching a new all-time high at $49 intraday. This 4 for 5'er moved to a positive trend in May 2020 and has been on an RS buy signal against the market since May 2018. Weekly momentum recently flipped positive as well, suggesting the potential for further upside from here. Exposure may be considered on this breakout, with initial support offered at $42. |
| GPI Group 1 Automotive, Inc. ($207.23) - Autos and Parts - GPI returned to a buy signal on Monday with a double top breakout at $208 before moving through additional resistance to mark a new all-time high at $212. This stock is a 4 for 5’er within the autos and parts sector that is controlled by demand. Support sits at $190, the bullish support line. |
| JACK Jack in the Box, Inc. ($80.98) - Restaurants - JACK broke a double bottom at $80 before moving lower to $78, marking the fourth consecutive sell signal. JACK is controlled by supply and has just one attribute in its favor. Avoid. |
| ORLY O'Reilly Automotive, Inc. ($661.42) - Autos and Parts - ORLY is a 5 for 5’er within the autos and parts sector that has maintained a long-term market RS buy signal since September 2002. Today, ORLY broke a double top at 672, marking the stock’s third consecutive buy signal and a new all-time high. From here, support sits at $616. |
| WIRE Encore Wire Corp ($129.85) - Electronics - Shares of WIRE fell 7.61% on Monday, breaking a double bottom at $138 and falling past subsequent support offered at $134. The 5 for 5'er will likely maintain its lofty rank in the electronics stock sector matrix and its high attribute rating, but the near-term flag is yellow. The next level of support is offered at around $124. Demand would reenter the picture with a reversal back up into Xs. |
| WOLF Wolfspeed Inc. ($115.42) - Semiconductors - WOLF broke a double bottom at $122 for a fourth consecutive sell signal and brought the stock back to the middle of its trading band. The stock is still a 3 for 5'er, but holders may seek to trim here or step away depending on cost basis. Support lies at $97, the bullish support line, on the default chart. |
