AER, ALB, AZO, BFAM, CCK, ECL, FCX, LQDT, and MSI
| AER AerCap Holdings NV ($61.72) - Aerospace Airline - AER broke a double bottom at $61 to initiate a shakeout pattern. The stock is a 5 for 5'er that ranks 2nd (out of 44) in the Aerospace Airline sector matrix. From here, the action point for the shakeout pattern would be a reversal into Xs at $64 and the pattern would be complete with the triple break at $66. This breakout would mark the highest level on the chart in 12 months. Support lies at $56. |
| ALB Albemarle Corp ($268.29) - Chemicals - ALB fell to a sell signal on Friday when it broke a double bottom at $268. The outlook for ALB remains positive as it is a 4 for 5'er trading in a positive trend. From here, the next level of support on ALB's default chart sits at $236. |
| AZO Autozone, Inc. ($2,550.95) - Autos and Parts - AZO broke a quadruple top at $2528 as it rallied to $2560. The stock is a 4 for 5'er that lies just a box below the December chart high. A move to $2624 would be a new chart high for AZO. Support lies at $2400 and $2304. |
| BFAM Bright Horizons Family Solution Inc. ($74.04) - Leisure - BFAM shares returned to a sell signal on Friday with a double bottom break at $74. Note this breakdown comes after a near test of the bearish resistance line. The weight of the evidence remains negative here. Beyond $73, the next level of identifiable support is not offered until around $60. Note earnings are expected on 2/16. |
| CCK Crown Holdings, Inc. ($84.89) - Business Products - CCK took out two levels of support in its default chart in Friday's trading adding to an already negative technical picture as the stock is an unfavorable 2 for 5'er and ranks 83rd out of 93 names in the business products sector matrix. From here, the net level of support is CCK's bullish support line which currently sits at $82. |
| ECL Ecolab Inc. ($146.06) - Chemicals - ECL continued lower, violating its trend line in Friday's trading when it hit $144. The move will drop the stock to a 0 for 5'er; ECL also ranks in the bottom quartile of the chemicals sector matrix. From here, the next level of support sits at $142. |
| FCX Freeport-McMoRan Inc. ($42.36) - Metals Non Ferrous - FCX fell to a sell signal Friday when it broke a double bottom at $42. The weight of evidence remains positive as FCX is a 3 for 5'er and ranks fourth out 15 names in the favored metals non ferrous sector matrix. Form here, the next level of support sits at $37. |
| LQDT Liquidity Services, Inc. ($13.22) - Internet - LQDT shares broke a double bottom at $13 on Friday, resulting in a second consecutive sell signal. The 0 for 5'er continues to rank near the bottom of its stock sector matrix and trade beneath its bearish resistance line. Avoid because supply is in control. Support is offered here, and again at $11.50 which is the low from May 2022. |
| MSI Motorola Solutions Inc. ($271.52) - Telephone - MSI moved higher Friday after their earnings release to break a double top at $272, marking a fourth consecutive buy signal and matching its all-time chart high last reached in November 2022. This 5 for 5'er moved to a positive trend in October and ranks in the top third of the favored telephone sector RS matrix. The weight of the technical evidence has remained consistently strong. Initial support may be seen at $252 with further support seen at $248. |
