TMO, PYPL, TTD, ONTO, IDXX, GS, AMC, BE, EL, BURL, CWH, WMS, IRDM, OSTK, MSCI, PENN, ECL, TREX, RPM, CF, & ACN.
| ACN Accenture PLC ($353.36) - Business Products - ACN broke a double bottom at $360 for a second consecutive sell signal before falling down to $352 and taking out support at $356. The stock still remains a 5 for 5'er, but short-term holders may seek to trim on this breakdown and violation of support. Long-term holders should note support on the default chart now lies at $320. |
| AMC AMC Entertainment Holdings Inc. ($20.57) - Leisure - AMC broke a spread triple bottom today at $20, marking the stock’s third consecutive sell signal. AMC is an unacceptable 0 for 5’er that ranks dead last in the leisure sector stock matrix. Supply is in control and the weight of the evidence is bearish. Avoid. |
| BE Bloom Energy Corporation Class A ($18.12) - Utilities/Electricity - BE broke a double bottom at $18 today, marking the second consecutive sell signal on the chart. This also violated the bullish support line. As a result, BE is now trading in a negative trend with 2 attributes in its favor. Supply is in control and there are stronger names within this space. Earnings are slated for 2/8. |
| BURL Burlington Stores, Inc. ($229.12) - Retailing - BURL broke a spread triple bottom at 232 before moving lower to 224, marking a new 52 week low on the chart. BURL trades on three consecutive sell signals with just 1 attribute in its favor. Weekly momentum has been negative for two weeks, suggesting the potential for lower prices. Avoid. |
| CF CF Industries Holdings, Inc. ($66.44) - Chemicals - CF industries gave a second consecutive sell signal on Friday when it broke a double bottom at $65. While the overall technical picture remains positive - CF is a 4 for 5'er and ranks first out of 51 names in the chemical sector matrix. Those with open exposure may wish to monitor the stock closely for signs of further deterioration. |
| CWH Camping World Holdings Inc ($37.15) - Retailing - CWH is a 2 for 5’er that broke a double bottom at $36 today. This marks the stock’s third consecutive sell signal. CWI trades below the bearish resistance line and maintains a market RS sell signal. Avoid. |
| ECL Ecolab Inc. ($215.49) - Chemicals - ECL fell to a sell signal and violated its trend its line in Friday's trading, a move which will drop it to a 0 for 5'er. ECL also ranks in the bottom third of the chemicals sector matrix. Long exposure should be avoided. |
| EL Estee Lauder Companies ($322.35) - Retailing - Shares of EL broke a double bottom at $328 on Friday and simultaneously violated their positive trend line in place since May of 2020. The stock will fall to a 3 for 5'er. No new exposure at this point yet those with existing long exposure may continue to hold. The next level of support is offered at around $300. Note earnings are expected on February 3rd. |
| GS Goldman Sachs Group, Inc. ($378.04) - Wall Street - GS shares moved lower today to break a double bottom at $384 to mark its first sell signal. This 3 for 5'er has been in a positive trend since November but on an RS sell signal versus the market since June of 2016. GS is trading near the middle of the trading band with a weekly overbought/oversold reading of -9%. From here, support is offered at $368. |
| IDXX IDEXX Laboratories, Inc. ($527.99) - Healthcare - IDXX shares moved lower today to break a double bottom at $520 to mark its second consecutive sell signal. This 3 for 5'er entered a negative trend today and has been in a column of Os on its market RS chart since January. IDXX is heavily oversold at current levels with a weekly overbought/oversold reading of -73%. From here, support is offered at $512. |
| IRDM Iridium Communications, Inc. ($37.51) - Telephone - IRDM broke a double bottom at 37 on Friday and is now testing support from October. IRDM, a weak 2 for 5’er, trades on three consecutive sell signals below the bearish resistance line. Weekly momentum just flipped negative, suggesting the potential for lower prices. Supply is in control. Avoid. |
| MSCI MSCI Inc. ($526.98) - Finance - MSCI broke a double bottom at $528 for a fifth consecutive sell signal before falling down to $520 and violating the bullish support line. The stock will now become a 2 for 5'er in attribute rating. Holders may seek to trim or step away here depending on cost basis. Support on the default chart now lies at $448 and $408. |
| ONTO Onto Innovation Inc. ($104.28) - Semiconductors - ONTO rallied Friday to break a double top at $102 before climbing over 9% intraday to match its all-time high at $104. This move puts the stock back in a positive trend and promotes it to a 5 for 5 TA rating. The weight of the evidence is positive and improving. Exposure may be considered on this breakout, however, potential investors may proceed with caution as initial support is not offered until $89. Further support is seen at $88 and $86. Earnings are expected on 2/2. |
| OSTK Overstock.Com, Inc. ($49.01) - Internet - OSTK broke a double bottom at 51 before moving lower to 48. This marks the sixth consecutive sell signal on the chart. OSTK is an unacceptable 0 for 5’er that should be avoided at this time. |
| PENN Penn National Gaming Inc ($44.32) - Gaming - PENN broke a double bottom at $44 and is now up against support from December. PENN is a 0 for 5’er that expects earnings on 2/2/22. Avoid. |
| PYPL Paypal Holdings Inc ($177.32) - Software - PYPL fell Friday to break a double bottom at $176, marking a third consecutive sell signal. This 1 for 5'er moved to a negative trend in October and ranks in the lower quintile of the unfavored software sector RS matrix. The weight of the technical evidence is negative here and weakening. Long exposure should be avoided. Initial overhead resistance may be seen at $192. Earnings are expected on 2/1. |
| RPM RPM, Inc. ($91.82) - Chemicals - RPM gave a second consecutive sell signal Friday when it broke a spread triple bottom at $90, negating a potential shakeout pattern. While RPM remains a 3 for 5'er, those with open positions should monitor the stock closely as it has violated multiple levels of support. RPM's bullish support line sits at $85, beyond which the nearest level of support is $79. |
| TMO Thermo Fisher Scientific Inc. ($592.02) - Healthcare - TMO shares moved lower today to break a double bottom at $592 to mark its second consecutive sell signal. This 5 for 5'er has been in a positive trend since April of 2020 and on an RS buy signal versus the market since February of 2014. TMO is trading in oversold territory with a weekly overbought/oversold reading of -46%. From here, support is offered at $560. |
| TREX Trex Company, Inc. ($107.10) - Building - TREX broke a double bottom at $110 for a third consecutive sell signal before falling down to $106 and violating the bullish support line. The stock will now become a 2 for 5'er in attribute rating. Holders may seek to trim or step away depending on cost basis. Support now lies at $94 and $91. |
| TTD The Trade Desk Inc ($74.56) - Internet - TTD fell Friday to break a double bottom at $73. This 2 for 5'er moved to a negative trend earlier this month and has seen declining relative strength against the market. The weight of the technical evidence is negative and deteriorating. Long exposure should be avoided. Further support may be seen at $69 with initial overhead resistance potentially found at $87. |
| WMS Advanced Drainage Systems Inc. ($118.75) - Machinery and Tools - WMS broke a spread quadruple bottom at $120 on Friday, returning the stock to a sell signal. WMS remains a 5 for 5'er yet with Friday's break there is no material support offered until around $106. No new exposure here. Demand would reenter the picture with a breakout at $130. Note earnings are expected on February 2nd. |
