AMP, MA, BLK, VMC, HES, DD, CUBE, AVY, ELF, EXP, HUBB, FSLR, & APPS.
| AMP Ameriprise Financial ($296.43) - Finance - AMP shares moved lower today to break a double bottom at $296 to mark its first sell signal. This 5 for 5'er has been in a positive trend since May 2020 and on an RS buy signal versus the market since November 2020. AMP is trading near the middle of its trading band with a weekly overbought/oversold reading of -14%. From here, support is offered at $288. |
| APPS Digital Turbine Inc. ($44.02) - Computers - Shares of APPS fell Tuesday to mark a second consecutive sell signal at $46 before falling to $44 intraday. This 2 for 5'er moved to a negative trend in November and ranks in the bottom half of the computers sector RS matrix. The technical picture is weak and deteriorating. Avoid long exposure. Further support may be seen at $41, while initial overhead resistance is potentially found at $51. |
| AVY Avery Dennison Corporation ($179.08) - Business Products - AVY continued lower Tuesday giving a second consecutive sell signal when it broke a triple bottom at $178. Although the stock retains a favorable 4 for 5'er TA rating, those with open exposure should monitor the position as it has recently violated multiple levels of previous support. |
| BLK BlackRock, Inc. ($749.54) - Wall Street - BLK shares moved lower today to break a spread triple bottom to market its third consecutive sell signal. This 4 for 5'er has been in a positive trend since April 2020 and on an RS buy signal versus the market since October 2020. BLK is trading in heavily oversold territory with a weekly overbought/oversold reading of -85%. From here, support is offered at $672. |
| CUBE CubeSmart ($47.92) - Real Estate - Shares of CUBE broke a double bottom at $48 on Tuesday, resulting in a second consecutive sell signal a test of the final level of nearby support. The stock remains a 5 for 5'er ranked in the upper half of the real estate stock sector matrix, but the near-term picture is weak. No new exposure. A breakdown past current support, at $48, could signal greater concern. Demand would reenter the picture with a breakout at $53. Note earnings are expected on 2/24. |
| DD DuPont de Nemours Inc. ($77.91) - Chemicals - DD fell to a sell signal and violated its trend line on Tuesday, which will drop it to a 0 for 5'er. Long exposure should be avoided. From here, the next level of support sits at $76. DD carries a 1.7% yield. |
| ELF Elf Beauty Inc ($26.24) - Household Goods - ELF shares completed a bearish catapult on Tuesday with a double bottom sell signal at $26. The stock maintains a 5 for 5 attribute rating and high placement in the household good stock sector matrix, but the near-term picture is concerning. Further support is offered at around $25 while resistance is positioned firmly overhead between $30 and $33. |
| EXP Eagle Materials, Inc. ($136.74) - Building - Shares of EXP broke a triple bottom at $138 on Tuesday, resulting in a second consecutive sell signal and a potential retest of key support. The stock currently carries 3 of 5 technical attributes in its favor and ranks in the top third of the building stock sector matrix, but the weight of the evidence is currently negative. Key support is offered at around $130. |
| FSLR First Solar, Inc. ($65.85) - Electronics - FSLR fell Tuesday to break a triple bottom at $67 before falling to a new 52-week low at $66 intraday. This 1 for 5'er moved to a negative trend in December and has been on an RS sell signal against the market for over a year. The weight of the technical evidence is negative here and weakening. Additional long exposure should be avoided. Note that the fund is at an oversold position and has the potential for further support seen at $60. Initial overhead resistance may be found at $72. Earnings are expected on 3/1. |
| HES Hess Corporation ($94.13) - Oil - HES returned to a buy signal on Tuesday when it broke a quadruple top at $97. The overall outlook for HES is positive as it holds a strong 4 for 5 technical attribute rating. From here, the first level of support sits at $93, with further support at $90. |
| HUBB Hubbell Inc ($177.94) - Electronics - HUBB shares broke a spread quintuple bottom at $178 Tuesday and now tests the trough of its trading range established over the past year. The stock remains a 3 for 5'er but the near-term setup is not constructive. A breakout below $174 could signal additional trouble and serve as a place to trim exposure. Demand would reenter the picture with a breakout at $194. |
| MA Mastercard Incorporated Class A ($370.16) - Finance - MA shares moved lower today to break a double bottom at $364 to mark its second consecutive sell signal. This 4 for 5'er has been in a positive trend since January and on an RS buy signal versus the market since August 2011. MA is trading near the middle of its trading band with a weekly overbought/oversold reading of 5%. From here, support is offered at $332. |
| VMC Vulcan Materials Company ($184.30) - Building - VMC broke a triple bottom and violated its trend line on Tuesday adding evidence to an already negative picture. The trend line violation will drop the stock to a 1 for 5'er. VMC now sits against support at $182, with further support at $180. |
