AA, BAC, BURL, EFX, EYE, KR, ROK, RPM, SEAS, SHW, and TXN
| AA Alcoa Inc. ($62.07) - Metals Non Ferrous - AA broke a double top at $62 for a third consecutive buy signal. The stock is a 5 for 5'er that ranks 2nd (out of 17) in the Metals Non Ferrous sector matrix. Okay to consider here on the breakout. Initial support lies at $58 with further support at $51. |
| BAC Bank of America ($49.14) - Banks - BAC shares moved higher today to break a double top at $49 to mark its fifth consecutive buy signal. This 5 for 5'er has been in a positive trend since June of 2020 and on an RS buy signal versus the market since March of 2012. BAC is actionable at current levels with a weekly overbought/oversold reading of 45%. From here, support is offered at $43. |
| BURL Burlington Stores, Inc. ($254.93) - Retailing - BURL broke a double bottom at 260 on Friday before falling lower to 252. This marks the stock’s second consecutive sell signal BURL is a weak 2 for 5’er within the unfavored retailing team that has been trading in a negative trend since late August. Avoid. |
| EFX Equifax Inc. ($267.15) - Business Products - Shares of EFX broke a double bottom at $268 on Friday, resulting in a second consecutive sell signal. The stock remains a 5 for 5'er yet the near-term picture is weakening. Investors may look toward the next level of support, currently offered at around $244. |
| EYE National Vision Holdings, Inc. ($43.30) - Retailing - EYE is an unacceptable 0 for 5’er within the retailing sector as it does not have any positive trending or relative strength metrics in its favor at this time. EYE broke a double bottom with today’s intraday action at $44, marking the second consecutive sell signal on the chart. Supply is in control. Avoid. From here, EYE has additional support at $42. |
| KR The Kroger Co. ($48.12) - Retailing - KR broke a triple top at $48 for a fourth consecutive buy signal and a new all-time high. The stock is a 4 for 5'er that ranks 17 (out of 92) in the Retailing sector matrix and is accompanied by a yield of roughly 1.8%. Okay to consider here on the breakout. Initial support lies at $44 with additional support at $39. |
| ROK Rockwell Automation, Inc. ($329.00) - Electronics - Shares of ROK broke a spread triple bottom at $328 on Friday, resulting in a second consecutive sell signal. ROK maintains a favorable 4 for 5 attribute rating and placement in the electronics stock sector matrix, but the near-term picture is weakening. ROK currently rests at support from November of 2021, but a break lower could signal trouble as the next support is distant, at around $292. |
| RPM RPM, Inc. ($92.41) - Chemicals - RPM gave an initial sell signal on Friday when it broke a double bottom at $93. The overall picture for RPM remains positive as it is a 3 for 5'er and ranks in the to half of the chemicals sector matrix. From here the next level of support sits at $91, while overhead resistance can be found at $100. |
| SEAS SeaWorld Entertainment, Inc. ($68.68) - Leisure - SEAS broke a triple top today at $69, marking the stock’s third consecutive buy signal. SEAS is a strong 5 for 5’er that ranks near the top of the leisure sector stock matrix. Weekly momentum just flipped positive while monthly momentum has been positive for two months. From here, SEAS faces resistance at $70, the stock’s all-time high printed in late November while support sits at $65. |
| SHW The Sherwin-Williams Company ($323.49) - Building - SHW gave an initial sell signal on Friday when it broke a double bottom at $328. The weight of the evidence for SHW remains decidedly positive as this the first sell signal in strong uptrend and the stock is a 5 for 5'er that ranks in the top third of the favored building sector matrix. It also worth noting that SHW has been on a market RS buy signal since 2001. From here, the next level of support sits at $324. |
| TXN Texas Instruments Incorporated ($179.99) - Semiconductors - TXN moved lower Friday to break a spread triple bottom at $182 before falling past further support to $180 intraday. This 2 for 5'er moved to a negative trend last month and ranks in the lower quintile of the semiconductors sector RS matrix. The weight of the technical evidence is negative here. Long exposure should be avoided. Further support may be found at $176, while the potential for overhead resistance is seen at $192. |
