BA, BLDR, CPA, CRM, GNE, MLM, MORN, MSI, PGR, WAB.
| BA The Boeing Company ($207.20) - Aerospace Airline - BA broke a double top at $208 to return to a buy signal. The stock is a 3 for 5'er that ranks 2nd (out of 44) in the Aerospace Airline sector matrix. The move puts the stock right at the middle of the trading band and is actionable for those seeking exposure. Resistance lies in the $212 to $220 range, the February rally high. Support lies at $194. |
| BLDR Builders FirstSource, Inc. ($86.17) - Building - BLDR broke a second consecutive double-top buy signal with today's action at $87. This perfect 5/5'er maintains its position within the top decile of the building sector matrix and remains a name to keep on a shopping list at current levels. Overhead resistance is found at $90, with support first found at $82. |
| CPA Copa Holdings SA ($90.44) - Aerospace Airline - CPA broke a double top at $91 to return to a buy signal. The stock is a 4 for 5'er that ranks 5th (out of 44) in the Aerospace Airline sector matrix and is accompanied by a yield of 3.7%. From here, a move to $96 would flip the trend back to positive. Resistance also lies at $98. Support lies at $86 and $84. |
| CRM Salesforce Inc. ($196.64) - Software - CRM rose Wednesday to break a double top at $194 before reaching $196 intraday. This 3 for 5'er has now given two consecutive buy signals since February and sits in the top quintile of the software sector RS matrix. Weekly momentum recently flipped positive as well, suggesting the potential for further upside from here. The weight of the technical evidence is favorable, however, the stock is entering an overbought positive. Initial support can be found at $170 with further support seen at $160. |
| GNE Genie Energy Ltd. ($13.58) - Utilities/Electricity - GNE broke double top at $13.50 for a second buy signal and a new 52-week high. The stock is a 5 for 5'er that ranks 4th (out of 5) in the Electric Utilities sector matrix and is accompanied by a yield of roughly 2.3%. Support for the stocks lies at $8.50, the bullish support line. |
| MLM Martin Marietta Materials In ($349.59) - Building - MLM returned to a buy signal on Wednesday when it broke a double top at $348. The technical picture for MLM remains negative as it is a 1 for 5'er and ranks in the bottom quintile of the building sector matrix. From here, support sits at $320, while MLM's bearish resistance line sits at $364. |
| MORN Morningstar, Inc. ($190.25) - Finance - MORN shares moved higher today to break a double top at $190 to mark its first buy signal. This 1 for 5'er has been in a negative trend and on an RS sell signal versus the market since February. MORN shares are trading in heavily oversold territory with a weekly overbought/oversold reading of -95%. From here, support is offered at $182. |
| MSI Motorola Solutions Inc. ($277.23) - Telephone - MSI posted a 5th consecutive double-top buy signal today, reaching new all-time highs. This perfect 5/5'er has a strong ranking within the Telephone sector matrix (6 out of 33) and has support offered below at $256 & $252. Those looking to initiate a position may do so here. |
| PGR The Progressive Corporation ($143.88) - Insurance - PGR shares moved higher today to break a double top to complete a bullish triangle and mark its fifth consecutive buy signal. This 5 for 5'er has been in a positive trend since October and on an RS buy signal versus the market since earlier this month. PGR shares are actionable at current levels with a weekly overbought/oversold reading of 26%. From here, support is offered at $136. |
| WAB Wabtec Inc. ($99.20) - Autos and Parts - WAB broke a double top at $99 to return to a buy signal. The stock is a 3 for 5'er that has maintained a positive trend since October and near-term positive RS versus the market and its peers. Resistance lies at $106, the January rally high. Support lies at $94, the bullish support line and recent chart lows. |
