ABG, BC, OXM, PLCE, VFC, RGLD, CEVA, SEE, TTC, CNMD, ZBRA, & ALRM.
| ABG Asbury Automotive Group Inc. ($159.49) - Retailing - ABG broke a triple bottom at 162 before moving lower to 160. ABG is a 2 for 5’er in the unfavored retailing sector that has additional support at 154. Avoid. Earnings are slated for 1/31. |
| ALRM Alarmcom Holdings ($74.42) - Business Products - ALRM fell Thursday to break a double bottom at $75. This 2 for 5'er moved to a negative trend in November and ranks in the bottom quartile of the unfavored business products sector RS matrix. Weekly momentum also just flipped negative, suggesting the potential for further downside from here. Long exposure should be avoided. Further support may be seen at $74, with initial overhead resistance seen at $82. |
| BC Brunswick Corporation ($89.80) - Leisure - BC broke a double bottom at 90, returning the chart to a sell signal and an overall negative trend. BC is now demoted to a weak 2 for 5’er. Avoid as supply is in control and the trend is negative. Earnings are slated for 1/27. |
| CEVA Ceva, Inc. ($36.77) - Semiconductors - CEVA fell Thursday to complete a bearish catapult with a double bottom break at $37. This 0 for 5'er moved to a negative trend last May and ranks in the lower quintile of the unfavored semiconductors sector RS matrix. The overall technical picture is negative here and continues to weaken. Avoid long exposure. Initial overhead resistance may be found at $42. Note that earnings are expected on 2/15. |
| CNMD Conmed Corporation ($127.77) - Healthcare - CNMD shares moved lower today to break a double bottom at $132 and violated its bullish support line. This 4 for 5'er moved to a negative trend today but has been on an RS buy signal versus the market since 2018. CNMD is trading in oversold territory with a weekly overbought/oversold reading of -44%. From here, support is offered at $122. |
| OXM Oxford Industries Inc ($89.93) - Textiles/Apparel - OXM broke a double bottom at 91 before moving lower to 90. This move flips the trend negative and downticks the stock to a 2 for 5’er. Avoid. |
| PLCE Childrens Place Inc. ($66.97) - Retailing - PLCE broke a double bottom at 67, marking the stock’s second consecutive sell signal. PLCE is a weak 1 for 5’er in the unfavored retailing sector. Avoid as supply is in control. |
| RGLD Royal Gold Inc ($104.73) - Precious Metals - RGLD gave a second consecutive buy signal and returned a positive trend on its default chart when it broke a double top at $106. While Thursday's move is positive, the overall technical picture for RGLD remains negative as even with positive trend change it remains an unfavorable 2 for 5'er and ranks in the bottom half of the precious metals sector matrix. From here, the nearest support sits at $98. RGLD is expected to report earnings on 2/16. |
| SEE Sealed Air Corporation ($68.27) - Business Products - SEE broke a double top at $69 to complete a bullish catapult and count for a ninth consecutive buy signal on the chart. The stock is a 5 for 5'er that ranks in the top decile of the Business Products sector matrix. Okay to consider here on the breakout. Support lies at $65, $63, and $61. |
| TTC The Toro Company ($94.78) - Machinery and Tools - TTC broke a double bottom at $96 to complete a bearish triangle as it fell to $95 on the chart, violating the bullish support line. TTC will become a 2 for 5'er in a negative trend. Holders may seek to trim on the breakdown here. Support lies in the $93 to $94 range. |
| VFC V.F. Corporation ($67.42) - Textiles/Apparel - VFC is a 0 for 5’er in the textiles/apparel sector that broke a double bottom at 67, marking the stock’s second consecutive sell signal. Supply is in control. Avoid. Earnings are slated for 1/28. |
| ZBRA Zebra Technologies Corp ($503.18) - Electronics - Shares of ZBRA broke a double bottom at $512 on Thursday, resulting in a third consecutive sell signal. The stock maintains its 5 for 5 technical attribute rating yet its placement in the electronics stock sector matrix has weakened and shares are quickly approaching key support between $456 and $496. Those already long may continue to hold here or trim into rallies if needed given the stock is near the bottom of its ten-week trading band. Demand would reenter the picture with a breakout at $552 but note material resistance sits ahead around $608. Earnings are expected on 2/10. |
