HLT, WYNN, GPC, ZTS, RJF, STLD, & RPD.
| GPC Genuine Parts Company ($160.69) - Autos and Parts - GPC broke a double bottom at $162 to complete a bullish signal reversal and violate the bullish support line This will shift the trend of GPC back to negative and drop the stock to a 3 for 5'er. Support lies at current levels as well as at $154. From here, a move above $176 would flip the trend back to positive and clear notable resistance that dates to early March. |
| HLT Hilton Worldwide Holdings Inc ($138.42) - Leisure - HLT reversed into Os and broke a triple bottom at $138, returning the stock to a sell signal and flipping the trend back to negative. The stock will drop to a 4 for 5'er after what counts as the third trend reversal since the beginning of 2023. Resistance now lies from $146 to $152, the February rally high. Support lies at $130, the March low, and $124. |
| RJF Raymond James Financial Inc ($90.55) - Wall Street - RJF shares moved higher today to break a double top at $92 to mark its first buy signal. This 2 for 5'er has been in a negative trend since March but on an RS buy signal versus the market since October 2021. RJF shares are trading near the middle of their trading band with a weekly overbought/oversold reading of -1%. From here, support is offered at $82. |
| RPD Rapid7 Inc. ($42.44) - Software - RPD fell Tuesday to break a double bottom at $43, marking a second consecutive sell signal. This 2 for 5'er has been in a negative trend since May 2022 and saw weekly momentum recently flip negative, suggesting the potential for further weakness from here. Note that the stock is at support from earlier this month, with additional support offered at $38. Overhead resistance may be seen at $47 and $49, the current location of the bearish resistance line. |
| STLD Steel Dynamics Inc. ($95.65) - Steel/Iron - STLD returned to a sell signal on Tuesday, taking out two levels of support at $94 and $93, marking a new 2023 low for the stock. STLD is a 3 for 5'er and ranks 11th out of 18 names in the steel/iron sector matrix. STLD now sits against support at $92m a level it has rallied from twice previously since November of last year. |
| WYNN Wynn Resorts, Limited ($102.06) - Gaming - WYNN reversed into Os and broke a spread triple bottom at $102 for a second sell signal since meeting resistance at $116 for a fourth time earlier this month. Below $102, the March low, support isn't found on the default chart until the bullish support line at $85. Support on the 1-point per box chart lies in the $101 to $100 range. WYNN still remains a 5 for 5'er and from here, a move above $112 would return the stick to a buy signal. |
| ZTS Zoetis Inc. ($171.73) - Drugs - ZTS shares moved lower today to break a double bottom at $174 to mark its first sell signal. This 4 for 5'er has been in a positive trend but on an RS sell signal versus the market since November. ZTS shares are trading near the middle of their trading band with a weekly overbought/oversold reading of 35%. From here, support is offered at $160. |
